RHB Retail Research: MNRB extends rebound

RHB Retail Research says MNRB Holdings Berhad continued to extend its recent rebound following the re-testing of the 21-day SMA line. It crossed above the MYR0.775 resistance in the latest trade.

In a trading note, the research house says a positive bias may emerge above this point, with resistance levels eyed at MYR0.82, followed by MYR0.85.

“A stop-loss can be set below MYR0.775,” it says.

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