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wansolahuddin

MHB break downtrend line

Long
MALAYSIA MARINE AND HEAVY ENG (MYX:MHB)  
wansolahuddin Updated   
MYX:MHB   MALAYSIA MARINE AND HEAVY ENG
Trend Analysis
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0
trendanalysis
The stock already break out of the consolidation range and the trend line.

Initiate a long position 0.58
Stop below the consolidation 0.48
Take profit at 0.765
Trade closed: stop reached
Comment:
Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) registered a net loss of RM388.7 million for the second quarter ended June 30, 2023 (2QFY2023), versus a net profit of RM21.97 million a year earlier, dragged by the group’s additional cost provisions for ongoing projects.(TheEdge)
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