RHB Investment Research Reports
Trading Stocks - Hong Leong Bank
rhbinvest
Publish date: Fri, 18 Mar 2022, 09:08 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
Hong Leong Bank set to climb higher as it moved past the immediate resistance of MYR20.50 yesterday, and formed a “higher high” bullish pattern, with strong volume. If it stays above that level, the bulls may record a new high of MYR22.00, followed by MYR23.00. However, the momentum may lose steam if it falls below the MYR19.90 support, printing a “lower low” bearish structure.
Source: RHB Securities Research - 18 Mar 2022
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