RHB Retail Research
Trading Stocks - Mah Sing
Mah Sing’s sharp multi-month sharp retracement has likely reached an interim low – the recent positive price action indicates the possibility of a relatively strong rebound phase developing. A positive bias is expected to appear above MYR0.815, with resistance levels marked at MYR0.90 and MYR0.95. A downside breach of MYR0.815 would negate this positive thesis.
Source: RHB Securities Research - 12 Mar 2021
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