RHB Retail Research
Trading Stocks - Mikro MSC
Mikro MSC has been trading in a possible “Triangle” corrective pattern over the past month. Recent price actions indicate that a breakout from this consolidation phase could take place soon. A positive bias is expected to emerge above MYR0.235, with resistance points pegged at MYR0.275 and MYR0.30. A downside breach of MYR0.235 would cancel this positive thesis.
Source: RHB Securities Research - 19 Mar 2021
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