Muhibbah Engineering may be headed for an uptrend after rebounding strongly from a recent pullback, and pushing pastthe 21-day SMA line.
RHB Retail Research in a note today (Apr 19) said if it breaches the MYR0.935 resistance, the stock may move further upwards towards towards the MYR1 mark, followed by the next resistance level of MYR1.15.
On the flip side, falling below the MYR0.84 support would negate the bullish setup.
Inari Amertron is poised to challenge the MYR3.27 resistance level once again, which would make this its fourth attempt this year.
It underwent a strong rebound and successfully crossed the 21-day SMA line.
Breaching the immediate resistance could signal the end of its consolidation period and this, in turn, may propel it towards the MYR3.80 resistance, then the MYR4 mark.
However, falling below the MYR3.04 support would result in a resumption of the correction phase.
