MBM Resources Bhd
extended its rebound yesterday as it reclaimed some of the losses made during the recent profit-taking.
At its current trajectory, it is poised to retake the recent historical trading high of RM5.50, and go beyond as it continues the uptrend.
Based on the daily price chart, the share's ascending trend remains intact with support from the rising simple moving averages.
Support levels can be seen at RM5 and RM4.65.
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