After MPHBCAP broke above the major classical resistance level RM1.78, this level then become a very strong classical support level for this counter.
From the technical chart point of view, the price is now trading at 20-day Moving Average. If there is a bullish candlestick pattern such as bullish hammer or etc spotted on this mentioned Moving Average support which may suggests for a rebound ahead to retest next classical resistance level 1.94.
Whether MPHBCAP can go for another round of all time high. Let’s us watch it closley!
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