RHB Investment Research Reports

Trading Stocks - Mr DIY Group

Publish date: Mon, 27 Mar 2023, 08:47 AM
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Mr DIY Group is attempting to resume its upside movement, testing the 21-day SMA line. Observe that since falling below the moving average line, the stock has been undergoing a series of corrections. In the event it breaks past the MYR1.69 resistance, a bullish bias may emerge. The stock would climb towards MYR1.75, followed by MYR1.83. Conversely, falling below the MYR1.60 support would extend the downward movement.

Source: RHB Securities Research - 27 Mar 2023

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