MPI
SHARES in the company continued to pull back from their rally peak of RM19.30 on Nov 4 to hit an intra-day low of RM16.70 yesterday, dragging the 14-day relative strength index deeper into the oversold zones. Analysis suggests that if prices fail to hold above an immediate support of RM16.60 or stage a rebound from here, they are likely to test the next downside of RM16. Overhead resistance is capped at the RM17.50 level.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
