Muda Holdings Stock Code: 3883
Muda Holdings Daily Chart:
Muda Holdings may rebound further after surpassing the MY1.25level and 100-day MAV line in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.40, followed by MYR1.50. The stock may drift sideways if it cannot hold above the MYR1.25 mark. In this case, further support is anticipated at MYR1.16, where traders can exit upon a breach.
source: RHB Research 29/10/15
MUDA HOLDINGS BERHAD
The Group is mainly involved in manufacture of various types of industrial paper.