AmInvest Research Reports
Stock on Radar - MN Holdings
AmInvest
Publish date: Mon, 13 May 2024, 11:06 AM
AmInvest
0 9,463
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
We expect further upside for MN Holdings after breaking above the RM0.70 resistance and surged to its new 52-week high a
few sessions ago. With the 20-day and 50-day EMAs starting to turn upwards again, additional upward momentum may be
present in the near term. A bullish bias may emerge above the RM0.70 level with stop-loss set at RM0.66, below the 20-day
EMA. Towards the upside, near-term resistance level is seen at RM0.80, followed by RM0.85.
Entry : RM0.70–0.75
Target : RM0.80, RM0.85
Exit : RM0.66
Source: AmInvest Research - 13 May 2024
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