RHB Retail Research
Trading Stocks - Mieco Chipboard
Mieco Chipboard is looking to break past its immediate resistance soon. We see that trading volume has been increasing, indicating that buying interest is gaining pace. If the stock manages to break past the MYR0.58 immediate resistance, it may climb towards the higher resistance at MYR0.62, followed by MYR0.68. Conversely, falling below the MYR0.53 support level would nullify this expectation.
Source: RHB Securities Research - 4 Jan 2022
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