RHB Investment Research Reports
Trading Stocks - MSM Malaysia Holdings
rhbinvest
Publish date: Mon, 04 Apr 2022, 09:07 AM
rhbinvest
0 3,552
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
MSM Malaysia Holdings is expected to rebound upwards further, as it breached the MYR0.94 resistance-turned-support last Friday – printing a “higher high” bullish structure. If the bulls follow through, the stock may travel towards the psychological level of MYR1.00, before heading for the next resistance point of MYR1.11. If it falls below the support level of MYR0.85, the stock will likely move downwards, below the 21-day average line
Source: RHB Securities Research - 4 Apr 2022
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