RHB Investment Research Reports
Trading Stocks - Mikro MSC
rhbinvest
Publish date: Fri, 02 Aug 2024, 10:28 AM
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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
Mikro MSC may be headed for a technical breakout, and test the immediate resistance on high volume. The counter has been consolidating sideways below the MYR0.275 resistance. If it pushes past the immediate resistance, a bullish bias will emerge. In this scenario, expect a follow-through price action to test MYR0.30, followed by MYR0.32. Towards the downside, falling below the MYR0.245 support will open the door to a downward movement.
Source: RHB Securities Research - 2 Aug 2024
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