Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Fri, 7 Aug 2020, 10:10 AM


Technical View - MY E.G. Services Bhd (MYEG,0138)

Author:   |    Publish date:

MY E.G. Services Bhd (0138)

• MYEG closed unchanged at RM1.51 yesterday.

• Chart-wise, share price had a bullish run taking out a series of resistance levels supported by higher trading volume recently.

• Positive news on 3-year extension on foreign worker pass employment contract worth RM208m and the much anticipated RM1.5bn immigration contract (NIIS) which will ignite interest in the stock as it is strong contender for the project.

• It is currently trading above key moving averages hence we expect a bullish bias breakout to continue its uptrend.

• As such, resistance levels are identified at RM1.61 (R1) and RM1.70 (R2).

• On the downside, support levels are expected at RM1.34 (S1) and RM1.23 (S2).

Source: Rakuten Research - 6 Jul 2020

Share this
Labels: MYEG

Related Stocks

Chart Stock Name Last Change Volume 
MYEG 1.38 -0.03 (2.13%) 16,623,300 

  Be the first to like this.

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Earn MQ Points while trading with MQ Traders Group
MQ Affiliate
Earn side income from MQ Affiliate Program

237  841  406  512 

Top 10 Active Counters
 XOX 0.24-0.015 
 SAPNRG 0.115-0.015 
 BORNOIL 0.07+0.005 
 AT 0.09-0.015 
 PWORTH 0.040.00 
 PHB 0.035-0.005 
 LAMBO 0.0550.00 
 TRIVE 0.020.00 
 PHB-WB 0.02-0.005 
 NEXGRAM 0.0650.00 


1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program
Partners & Brokers