RHB Investment Research Reports
Trading Stocks - Muhibbah Engineering
rhbinvest
Publish date: Fri, 19 Apr 2024, 10:09 AM
rhbinvest
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
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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