Technical Comments: The oversold stochastic reading on E&O shares implies limited downside risk with retracement supports at RM1.43 (61.8%FR) and RM1.36 (50%FR), and good rebound potential to RM1.52 (76.4%FR), with the mid (RM1.54) and upper (RM1.65) Bollinger bands as stronger resistance.
Technical Comments : Extreme oversold signals on Muhibbah shares should encourage technical rebound to RM1.25 (38.2%FR) or RM1.38 (50%FR) before pausing. Key support is seen at RM1.09, the 23.6%FR.
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The information contained herein was obtained from sources believed to be reliable. However, we do not guarantee the accuracy and completeness of the report. Opinions expressed herein are subject to change without notice. This report is for information purposes only and should not be construed as an invitation, offer or solicitation to purchase or sell any futures product referred to herein. The Author may from time to time has an interest or position in the futures products or stocks mentioned. There is a risk of loss in trading stocks,futures & derivatives like products.
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