Possible for further recovery. MUIPROP is re-attempting to stage a stronger recovery. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.300 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.330.
However, failure to hold on to support level of RM0.255 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 9 Oct 2020
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Created by PublicInvest | Nov 05, 2024
limsingpoh9497
best buy
2020-10-09 23:27