MHB break downtrend line
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
Initiate a long position 0.58
Stop below the consolidation 0.48
Take profit at 0.765
Trade closed: stop reached
Note
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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