RHB Investment Research Reports
Trading Stocks - Mikro MSC
rhbinvest
Publish date: Fri, 02 Aug 2024, 10:28 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
Mikro MSC may be headed for a technical breakout, and test the immediate resistance on high volume. The counter has been consolidating sideways below the MYR0.275 resistance. If it pushes past the immediate resistance, a bullish bias will emerge. In this scenario, expect a follow-through price action to test MYR0.30, followed by MYR0.32. Towards the downside, falling below the MYR0.245 support will open the door to a downward movement.
Source: RHB Securities Research - 2 Aug 2024
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