RHB Retail Research
Trading Stocks - Muhibbah Engineering (M)
Muhibbah Engineering may rebound higher after it continued holding above the MYR0.85 support. As the stock recently rose above the 21-day SMA line, this indicates a positive sign. An upbeat bias may emerge above the MYR0.94 level, with an exit set below the MYR0.85 mark. Towards the upside, the immediate resistance is at the MYR1.16 level, followed by the MYR1.28 threshold
Source: RHB Securities Research - 10 Apr 2020
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