RHB Retail Research
Trading Stocks - MR D.I.Y Group
MR D.I.Y Group marked a new high after it broke above the previous resistance level yesterday, on strong volume. With the recent “higher high” formation, a bullish bias is expected to emerge above the resistance-turn-support level of MYR4.19. Meanwhile the positive momentum may boost it towards the next resistance of MYR4.50, followed by MYR4.80. This trading set-up would be negated if the MYR4.02 support is breached.
Source: RHB Securities Research - 6 Apr 2021
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