KUALA LUMPUR (Jan 30): RHB Retail Research said Muhibbah Engineering (M) Bhd is eyeing a technical breakout above the 85 sen resistance as it climbed above the 21-day simple moving average line, testing that level on Monday.

In a trading stocks note on Tuesday, the research house said that if a breakout happens, the stock should scale towards the resistance point of 95 sen, then the RM1 mark.

“If it falls below the support of 80 sen, this would spark the beginning of a correction,” it said.