We expect further upside for MN Holdings after it formed a long positive candle and hit a new historical high on Friday. The stock also broke out from a 1-month bullish flag pattern, which coincided with an upside gap, likely indicating that the near-term bullish trend may persist. A bullish bias may emerge above the RM0.86 level with stop-loss set at RM0.79, below the upside gap support. Towards the upside, near-term resistance level is seen at RM1.00, followed by RM1.10.

Entry : RM0.86–0.90

Target : RM1.00, RM1.10

Exit : RM0.79

Source: AmInvest Research - 10 Jun 2024