Minho (M) Bhd
shares rebounded to a near eight-month high of 88.5 sen during intra-day session in the wake of fresh buying momentum on Thursday before turning range-bound on continuous bargain-hunting interest offsetting light profit-taking activity, ending up 2.5 sen to 86.5 sen yesterday.
Based on the daily chart, Minho appears to be making a fresh attempt to resume the recovery process after the recent corrections and consolidations. The piling up in the daily turnover was a good sign and investors can consider taking up a position at current levels, if one is optimistic of the trend ahead.
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