Mulpha International Bhd
(Code: 3905) had undergone a two-year correction process amid persistent profit-taking selling pressure, starting from the third quarter of 2014 before bottoming out in the fourth quarter of 2016.
Soon, in the wake of renewed bargain hunting interest, this stock staged a rebound and made an attempt to break out of the downtrend, hitting a resistance of RM3.05 on March 13 this year.
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