Rakuten Trade Research Reports

Technical View - Muhibbah Engineering

rakutentrade
Publish date: Tue, 05 Dec 2023, 09:24 AM
rakutentrade
0 2,144
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/

To sign up for an account: http://bit.ly/40BNqKI

Rakuten Trade

Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my

Muhibbah Engineering (M) Bhd (MUHIBAH, 5703)

  • MUHIBAH may extend it upward trajectory after it broke out from the two-week bullish flag patternwith a long white candle yesterday. In view of the stock pulling further away from all the EMAs, coupled with supportive technical readings in RSI, along with a gradual rise in trading volume, it likely indicates the return of buying interest.
  • We expect the rising momentum is set to steer the stock higher and test the next level of resistanceof RM0.80 (R1) followed by RM0.84 (R2) in the near term.
  • On the downside, stop-loss is set at RM0.69, below the 10 Nov’s low.

Source: Rakuten Research - 5 Dec 2023

To sign up for an account: http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity: http://bit.ly/3I5Jzxo

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment