RHB Investment Research Reports
Trading Stocks - Pekat Group
rhbinvest
Publish date: Thu, 07 Apr 2022, 09:16 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
Pekat Group is set to resume its uptrend as it breached the MYR0.685 recent high on stronger volume – printing a fresh “higher high” bullish pattern above the 21-day average line. If the bulls persists, the stock may travel towards the resistance point of MYR0.73, before heading for MYR0.775 – the YTD high. If it falls below the support level of MYR0.64, the stock will likely move downwards, trading below the average line.
Source: RHB Securities Research - 7 Apr 2022
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