RHB Retail Research
Trading Stocks - Mah Sing
Mah Sing tested the immediate resistance level on higher trading volume yesterday. Underpinned by strong buying interest, the stock is attempting to break out from the sideways consolidation zone since early November. If it crosses above the resistance of MYR0.94, the stock should move higher towards the next resistance level of MYR0.98, followed by MYR1.06. This positive expectation should remain valid, provided the MYR0.88 support does not breached.
Source: RHB Securities Research - 17 Dec 2020
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