AmInvest Research Reports
Stocks On Radar - RHB Bank (1066)
AmInvest
Publish date: Fri, 11 Sep 2020, 09:05 AM
AmInvest
0 9,386
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
RHB Bank will soon to test the RM4.62 level. With its RSI indicator pointing upwards, coupled with high trading volume, we think that there could be a technical rebound towards the short-term target price of RM4.78 followed by RM4.90. In this case, the downside support is marked at RM4.49, whereby traders may exit on a breach to avoid the risk of a further correction
Trading Call: Buy on pullback RM4.62
Target: RM4.78, RM4.90 (time frame: 2-4 weeks)
Exit: RM4.49
Source: AmInvest Research - 11 Sept 2020
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