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PublicInvest Research

Author: PublicInvest   |   Latest post: Tue, 27 Jul 2021, 9:33 AM

 

Technical Buy - MHB (5186)

Author:   |    Publish date:


  • Target Price: RM0.540, RM0.580
  • Last closing price: RM0.485
  • Potential return: 11.3%, 19.5%
  • Support: RM0.465
  • Stop Loss: RM0.400

Possible for further upside. MHB is attempting to pick up from its prior uptrend. 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 RM0.505 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.540 and RM0.580.

However, failure to hold on to support level of RM0.465 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 15 Jun 2021

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Labels: MHB

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Chart Stock Name Last Change Volume 
MHB 0.43 -0.02 (4.44%) 677,000 

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