PublicInvest Research

Author: PublicInvest   |   Latest post: Tue, 11 May 2021, 9:26 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

Share this
Labels: MUIIND

Related Stocks

Chart Stock Name Last Change Volume 
MUIIND 0.095 -0.005 (5.00%) 7,819,500 

  Be the first to like this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View Trading Signals and run Live Backtest
MQ Affiliate
Earn rewards with MQ Affiliate Program

301  667  571 

Top 10 Active Counters
 FOCUS 0.065-0.015 
 PHB 0.020.00 
 FINTEC 0.04-0.005 
 AT 0.090.00 
 TANCO 0.135+0.005 
 UCREST 0.295-0.02 
 SEALINK 0.30+0.055 
 DNEX 0.65-0.02 
 PERMAJU 0.145-0.01 
 MTOUCHE 0.28+0.08 


1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!