RHB Investment Research Reports
Trading Stocks - TAS Offshore
rhbinvest
Publish date: Mon, 06 May 2024, 09:25 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
The bullish trajectory on TAS Offshore may be extended after it broke past the resistance on strong volume. On Friday, the stock climbed above the MYR0.80 resistance on strong volume, thereby strengthening the bullish setup. Riding on the strong momentum, the stock should travel towards the next resistance of MYR0.95, followed by MYR1.10. On the flip side, falling below the MYR0.69 support will open the door to a bearish movement.
Source: RHB Securities Research - 6 May 2024
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