We expect further upside for MN Holdings after it posted a long positive candle and hit a new multi-year high on Friday. The
stock’s move above the RM1.00 resistance coupled with rising EMAs indicate that the near term bullish trend may persist. A
bullish bias may emerge above the RM1.00 level with stop-loss set at RM0.93, below the 20-day EMA. Towards the upside, nearterm resistance level is seen at RM1.20, followed by RM1.30.

Entry : RM1.00–1.07

Target : RM1.20, RM1.30

Exit : RM0.93

Source: AmInvest Research - 12 Aug 2024