MUHIBAH - Downward slopping INVERTED HEAD & SHOULDERSMUHIBAH - CURRENT PRICE : RM0.630
On 11 July 2025 the stock made a small gap up and closed above minor down trendline. Eventhough it closed as a doji candle, it is viewed as BULLISH as the price broke out inverted head and shoulders NECKLINE RESISTANCE with high trading volume. There is a higher low recently which is usually occurs in this chart pattern - indicating possible bottom have reached. Nearest target will be RM0.680 and RM0.720 while support will be RM0.595. Take note that the first target of RM0.680 also approximately near the major down trendline.
ENTRY PRICE : RM0.625 - RM0.630
TARGET : RM0.680 (+7.94%) and RM0.720 (+14.29%)
SUPPORT : RM0.595 (-5.56%)
