RHB Investment Research Reports
Trading Stocks - HSS Engineers
rhbinvest
Publish date: Thu, 26 Oct 2023, 12:59 PM
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
HSS Engineers is set to propel higher after bouncing off the 21- day SMA line and surpassing the MYR0.89 immediate resistance yesterday. The bullish bias above that level may see the stock’s price climb higher towards the MYR0.95 mark, or its recent high, followed by the MYR1 threshold. Towards the downside, a breach below the MYR0.83 support will negate the bullish setup, forming a “lower low” bearish pattern beneath the SMA line.
Source: RHB Securities Research - 26 Oct 2023
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