RHB Investment Research Reports
Trading Stocks - Malaysian Resources
rhbinvest
Publish date: Mon, 28 Aug 2023, 11:20 AM
rhbinvest
0 3,602
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
Malaysian Resources formed a bullish candlestick and resumed the upward trajectory. The stock bounced off the breakout point of MYR0.40, indicating that the momentum is picking up pace again. The renewed momentum should propel the stock towards MYR0.44, followed by MYR0.48. On the flipside, breaching below the MYR0.38 support will dent market sentiment and start off the correction phase.
Source: RHB Securities Research - 28 Aug 2023
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