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Malaysia Marine & Heavy Engineering Holdings Bhd.Malaysia Marine & Heavy Engineering Holdings Bhd.Malaysia Marine & Heavy Engineering Holdings Bhd.

Malaysia Marine & Heavy Engineering Holdings Bhd.

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MHB - breakout cup and handle pattern ?In H4 chart, we observed a cup and handle pattern and a possible upside with TP 0.530 and support 0.390, with EP 0.425 for breakout confirmation. In H1, MACD showing a breakout signal with good RSI momentum. EP 0.425 TP 0.460, 0.500, 0.530 SL 0.390 RRR 1:3 With Brent and WTI making good momentum, this could gives strong upside for energy sector, and eventually MHB. The stock is considered among leader in O&G related Equipment and Services sector with a very small float (7% float of 1600M shares) compared to heavier KNM (33% of 2750M shares). This adds more speed to MHB’s move. TAYOR
MYX:MHBLong
by sothye
Forecast for a small bounce. MHB is the one leading company that involved in large sum of development in constructions. The pandemic was not really harm their managed cash flows, as the construction has been locked in deposit before proceeding. The marine works is always will be the main source of economy demand in many countries. It will not only focused in one country to deal with this company (MHB). It's open to all country that willing to have a standard ISO engineering construction, and with reasonable price. ( Based from my oil&gas working experience.) Back to market analysis, the trend seems not much in plunge. Perhaps the market will penetrate the weekly resistance, then the price will looking for new direction. I'm in long position with a minimal target profit.
MYX:MHBLong
by SL-Trades