RHB Retail Research
Trading Stocks - Mobilia Holdings
Mobilia Holdings is expected to climb higher after it bounced off from the support, breaking above the immediate resistance on improved volume last week. Premised on a recent “higher low” formation, the positive momentum above the MYR0.425 resistance-turned-support level is expected to retest its immediate resistance of MYR0.47, followed by MYR0.50. Conversely, a reversal towards under MYR0.41would negate this expectation.
Source: RHB Securities Research - 26 Apr 2021
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