Muhibbah Engineering is eyeing a technical breakout above the MYR0.85 resistance as it climbed above the 21-day SMA line, testing that level yesterday. If a breakout happens, the stock should scale towards the resistance point of MYR0.95, then the MYR1 mark. If it falls below the support of MYR0.80, this would spark the beginning of a correction.
Source: RHB Securities Research - 30 Jan 2024
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Created by rhbinvest | Nov 22, 2024
Created by rhbinvest | Nov 22, 2024