RHB Retail Research
Trading Stocks - MCT
MCT is staging a technical rebound as it managed to sustain above MYR0.245 – its previous breakout level – on strong positive momentum. Coupled with a “higher low” base above the 21-day SMA line, the positive momentum may propel the stock towards the immediate resistance of MYR0.27 before moving higher to the MYR0.29 hurdle. This expectation would be reversed if it drops below the MYR0.225 support level.
Source: RHB Securities Research - 10 Jun 2021
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