RHB Investment Research Reports
Trading Stocks - Boustead Holdings
rhbinvest
Publish date: Wed, 23 Mar 2022, 09:02 AM
rhbinvest
0 3,568
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
Boustead Holdings is set to climb towards the recent high as it bounced off the 21-day average line yesterday on improved volume – printing a “higher high” bullish pattern. If the positive momentum continues above that level, the bulls may drive the stock towards the next resistance of MYR0.675, followed by MYR0.70. If it falls below the support of MYR0.59, the stock will move downwards, printing a “lower low” bearish structure.
Source: RHB Securities Research - 23 Mar 2022
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