RHB Retail Research
Trading Stocks - Mah Sing
Mah Sing hit the resistance level at MYR0.725. Since the 21- day SMA line is heading south, this indicates a mild bearish posture, which we believe in near-term may move into a sideway range of between MYR0.645 and MYR0.725. If it moves beyond the resistance level, expect it to test the higher resistance level at MYR0.765. Meanwhile, a downside breach of the MYR0.645 support would see a further share price correction.
Source: RHB Securities Research - 28 Sept 2020
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