RHB Investment Research Reports
Trading Stocks - Sarawak Oil Palms
rhbinvest
Publish date: Thu, 05 May 2022, 09:19 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
Sarawak Oil Palms is set to resume heading towards its all-time high, as it broke above the resistance level of MYR6.70 on strong volume last Friday. If the momentum persists, the stock is expected to hit the recent peak of MYR7.22 – which is also its all-time high – then the MYR8.00 threshold. However, the positive momentum may dissipate if it falls below the MYR6.29 support level, as it could form a “lower low” bearish pattern.
Source: RHB Securities Research - 5 May 2022
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