RHB Retail Research
Trading Stocks - Muda
Muda may rebound higher after it continued holding above the MYR1.45 support. As the stock has formed a “Hammer” pattern on 24 Feb, this indicates a potential rebound. A positive bias may emerge above the MYR1.50 level, with an exit set below the MYR1.45 threshold. Towards the upside, the immediate resistance is at the MYR1.66 mark, followed by the MYR1.82 level
Source: RHB Securities Research - 27 Feb 2020
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