Muhibbah Trading Buy TP RM2

Friday, November 12, 2010

Muhibbah Nov 2010 Daily Chart

CIMB Equities Research make a call trading buy with TP RM2 for Muhibbah Engineering. As the research house, the Muhibbah stock price still has 20% discount to its RNAV.

As we can see, the downtrend line for Muhibbah share price already broken at RM1.20. The next resistant level is at RM1.67.

With the oil price increased globally, I believe that the Muhibbah share price also will increase as they are involved in oil and gas industry.


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