RHB Retail Research

Technical Analysis - Muhibbah Engineering (M)

rhboskres
Publish date: Fri, 26 Oct 2018, 04:30 PM
rhboskres
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RHB Retail Research

Muhibbah Engineering was testing the MYR2.86 level in its latest session. A bullish bias may be present above this point with a target price of MYR3.00, followed by MYR3.20. The stock may take a breather if it cannot breach above the MYR2.86 mark in the coming sessions. Support may be found at MYR2.67, where traders can exit upon a breach to minimise the downside risk.

Source: RHB Securities Research - 26 Oct 2018

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