RHB Retail Research
Trading Stocks - Mestron Holdings
Mestron Holdings is set for a technical rebound after breaching the immediate resistance on high volume yesterday. As the stock bounced off from below to above the 21-day SMA line, the bullish bias is expected to stay above the MYR0.39 immediate support level. With that, the stock may climb towards the next hurdle of MYR0.435, followed by MYR0.45. This expectation would be reversed if it drops below the MYR0.375 support level.
Source: RHB Securities Research - 25 May 2021
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