RHB Retail Research
Technical Analysis - Muhibbah Engineering (M)
Muhibbah Engineering (M)
Muhibbah Engineering was testing the MYR3.20 level in its latest session. A bullish bias may be present above this point with a target price of MYR3.35, followed by MYR3.50. The stock may take a breather if it cannot breach the MYR3.20 threshold in the near term. Support may be found at MYR2.83, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 27 Jul 2018
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