Mah Sing Group may undergo a technical breakout after testing the MYR0.885 immediate resistance level for the past two
sessions, backed by strong trading volume.
RHB Retail Research in a noe today (Jan 17) said if it breaches thatblevel and forms a “higher high” bullish pattern, the stock may
climb higher towards the next resistance of MYR0.92 (the 52-week high) before reaching the MYR1 threshold.
Conversely, a drop below the MYR0.835 support would invalidate the bullish setup, as the stock may fall below the 21-day SMA line.
Scientex is set to climb further after going through a technical breakout above the immediate resistance of MYR3.99 yesterday on strong trading volume.
Tracking the rising 21-day SMA line, the stock is likely trend upwards in the upcoming sessions and head towards the MYR4.18 resistance, followed by MYR4.30.
On the flip side, a drop below the MYR3.85 support would indicate a potential downtrend, beneath the SMA line.
