Oct 29, 2015

Muda Holdings May Rebound Further

Muda Holdings Stock Code: 3883

Muda Holdings Daily Chart:muda holdings share analysis

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

The Group is mainly involved in manufacture of various types of industrial paper.