news

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.

 

Like our content? Check out Narratives – where we curate stories based on topics to keep you well and broadly informed about Malaysian real estate.

Looking for property? Check out Location Scan, where we summarize all available options and facts you need in a few clicks. We have updated the tool to include MRT3 stations too.

Curious how much you can borrow? Use LoanCheck to get your maximum loan eligibility from various banks, or LoanReport to get a FREE CTOS/CCRIS credit report.
SHARE
RELATED POSTS
  1. Mah Sing makes early redemption of RM145m perpetual securities
  2. Mah Sing: Housing Credit Guarantee Scheme and RPGT exemption timely for market recovery
  3. RHB Research Institute: Budget 2022 below expectations for the property sector