Mah Sing attempting to extend technical rebound, says RHB Retail Research

KUALA LUMPUR (Nov 29): RHB Retail Research said Mah Sing Group Bhd is attempting to extend its technical rebound.

In a trading stocks note on Monday (Nov 29), the research house said trading volume has picked up recently, which indicates that buying pressure is building up.

“If the stock climbs above the immediate resistance of 74 sen, a bullish bias could emerge. It may travel higher towards the next resistance of 77 sen, followed by 80 sen.

“Meanwhile, breaching below the 71.5 sen support may nullify this expectation,” it said.