Multi-Purpose Holdings
MULTI-PURPOSE Holdings rebounded from a 19-month low of RM1.36 on July 8 to a high of RM1.52 on Tuesday before turning sideways yesterday. Apparently, the moving average convergence/divergence indicator is painting an encouraging picture, suggesting more recovery in the pipeline. However, a decisive breakout of the RM1.60 level is needed to confirm a shift of trend. The next resistance is at RM1.75 while support is seen at RM1.43.
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