RHB Investment Research Reports
Trading Stocks - Ajiya
rhbinvest
Publish date: Wed, 13 Apr 2022, 09:51 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
Ajiya is set to race towards the multi-year high as it breached the MYR1.19 resistance level – printing a long white bullish candlestick. Buying pressure above that level may drive the stock towards hitting the MYR1.26 multi-year high, followed by the MYR1.30 mark. Meanwhile, a fall below MYR1.13 may trigger the resumption of a downward correction to form a “lower low” bearish structure beneath the 21-day average line.
Source: RHB Securities Research - 13 Apr 2022
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