RHB Investment Research Reports
Trading Stocks - Prolexus
rhbinvest
Publish date: Fri, 08 Apr 2022, 09:33 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
Prolexus is set to reclaim its recent high as it climbed above the MYR0.71 resistance yesterday on significant trading volume, printing a “White Marubozu” bullish candlestick. With that momentum, the stock is expected to propel towards the recent high at MYR0.835 – followed by the MYR0.92 next resistance. However, the momentum may decline if it falls below the MYR0.645 support, which is below the 21-day average line.
Source: RHB Securities Research - 8 Apr 2022
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