RHB Investment Research Reports
Trading Stocks - Niche Capital Emas
rhbinvest
Publish date: Tue, 12 Apr 2022, 08:50 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
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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
Niche Capital Emas is set for a counter-trend rebound as it bounced above the sideways consolidation phase of MYR0.165 yesterday, thereby printing a “White Marubozu” bullish candlestick. Bullish momentum above that level should propel the stock higher towards the MYR0.19 resistance, followed by MYR0.215. Conversely, a fall below the MYR0.15 support will trigger selling pressure below the 21-day average line.
Source: RHB Securities Research - 12 Apr 2022
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