MR DIY poised for technical breakout, says RHB Research

MR DIY poised for technical breakout, says RHB Research
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KUALA LUMPUR (Sept 17): MR DIY Group (M) Bhd is poised for a technical breakout, as it had hit its immediate resistance level of RM3.95 on better trading volume, forming a “White Marubozu” candlestick, said RHB Research in a note today.

"If it manages to surpass that resistance, the bullish momentum may follow through to propel the stock towards the next resistance of the RM4.14 recent high, followed by RM4.36 – its historical high," it said.

However, the research house cautioned that the stock's upward trajectory could be cancelled if It fell below the RM3.81 support level.