Technical Stockpick - MBM Resources Bhd
Tue, 30-Dec-2025 07:42 am
by Research Team • Apex Research

MBMR (5983)
Last Price (RM)
5.21
Resistance (RM)
R1 — 5.50 / R2 — 5.75
Support (RM)
S1 — 5.02

Technical Commentary:

After correcting sharply in mid-year, the stock based out in late June before staging a recovery into August. Momentum subsequently paused, with price drifting into a descending consolidation pattern. More recently, the stock broke above the near-term down-trendline and RM5.17 resistance, signalling upside continuation toward the next resistance levels at RM5.50 and RM5.75. Immediate support sits at RM5.02.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.043919 4.078329
EUR 4.778652 4.785910
CNY 0.579618 0.580498
HKD 0.520471 0.524418
SGD 3.147680 3.171552