RHB Investment Research Reports
Trading Stocks - Muhibbah Engineering
rhbinvest
Publish date: Tue, 30 Jan 2024, 09:51 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
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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