Highlights

PublicInvest Research

Author: PublicInvest   |   Latest post: Wed, 25 Nov 2020, 10:24 AM

 

Technical Buy: MUIIND (3891)

Author:   |    Publish date:


  • Target Price: RM0.115, RM0.125
  • Last closing price: RM0.100
  • Potential return: 15.0%, 25.0%
  • Support: RM0.090
  • Stop Loss: RM0.085

Possible for further recovery. MUIIND is recovering from its consolidation phase with growing trading volume. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.110 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.115 and RM0.125.

However, failure to hold on to support level of RM0.090 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 10 Apr 2020

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Labels: MUIIND

Related Stocks

Chart Stock Name Last Change Volume 
MUIIND 0.105 +0.005 (5.00%) 7,612,500 

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