RHB Investment Research Reports
Trading Stocks - Datasonic Group
rhbinvest
Publish date: Fri, 04 Aug 2023, 10:33 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Datasonic Group is likely to resume its uptrend rebound as it hovers above the previous breakout level of MYR0.46, following the recent pullback. The bullish bias above that level may see the stock rebound higher towards MYR0.51, followed by the MYR0.57 next resistance. However, falling below the MYR0.435 support indicates a trend reversal towards the downside, as it forms a “lower low” bearish pattern.
Source: RHB Securities Research - 4 Aug 2023
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