RHB Investment Research Reports

Trading Stocks - Muhibbah Engineering

Publish date: Fri, 19 Apr 2024, 10:09 AM
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Muhibbah Engineering may be headed for an uptrend after rebounding strongly from a recent pullback, and pushing past the 21-day SMA line. If it breaches the MYR0.935 resistance, the stock may move further upwards towards towards the MYR1 mark, followed by the next resistance level of MYR1.15. On the flip side, falling below the MYR0.84 support would negate the bullish setup.

Source: RHB Securities Research - 19 Apr 2024

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