Technical Review–Master Tec Group Berhad

Master Tec Group (KLSE: MTEC) had demonstrated significant price stabilisation for the past two weeks of trading, with price remaining buoyant above the key support level of RM1.100 (S1) and RM1.070 (S2) level. Currently, the share price still trends above the EMA10/20, with RSI showing positive momentum thus far. Upon breaching the key resistance of RM1.200, we see potential of MTEC trending back up to RM1.360 pre-selldown resistance. Overall, we are positive on the short term performance of MTEC.