Highlights

PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 27 Nov 2020, 11:04 AM

 

Technical Buy - MUIIND (3891)

Author:   |    Publish date:


  • Target Price: RM0.240, RM0.255
  • Last closing price: RM0.215
  • Potential return: 11.6%, 18.6%
  • Support: RM0.200
  • Stop Loss: RM0.190

Possible for upside. MUIIND is showing initial signs of recovery from its consolidation phase. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.225 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.240 and RM0.255.

However, failure to hold on to support level of RM0.200 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 4 Nov 2019

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Labels: MUIIND

Related Stocks

Chart Stock Name Last Change Volume 
MUIIND 0.10 0.00 (0.00%) 4,599,200 

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