KUALA LUMPUR (Nov 29): RHB Retail Research said Mah Sing Group Bhd is attempting to extend its technical rebound.

In a trading stocks note on Monday (Nov 29), the research house said trading volume has picked up recently, which indicates that buying pressure is building up.

“If the stock climbs above the immediate resistance of 74 sen, a bullish bias could emerge. It may travel higher towards the next resistance of 77 sen, followed by 80 sen.

“Meanwhile, breaching below the 71.5 sen support may nullify this expectation,” it said.

 

SHARE
SPONSORED CONTENT
The truth about GRR: Why you should run away from buying that “promised income” property

Developments in strong, in-demand areas, like near universities, offices, tourist attractions, or transport hubs, can attract tenants naturally, and earn stable rental income without any guarantees.

read more
RELATED POSTS
  1. Bestari Perdana ramp to boost Meridin East growth, backs Mah Sing’s Johor strategy
  2. Mah Sing’s fully sold M Astra gets 89% QLASSIC score
  3. Mah Sing and KLK Land form JV to develop RM2.26 bil industrial park in Johor