RHB Investment Research Reports
Trading Stocks - Mr DIY
rhbinvest
Publish date: Fri, 06 May 2022, 11:13 AM
rhbinvest
0 3,589
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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
Mr DIY is attemting to extend the upside movement, as it tested the immediate resistance on high volume. After consolidating sideways, the stock rose higher yesterday to test the MYR3.56 resistance. Breaching the immediate threshold would attract further buying interest, and propel the stock towards MYR3.70, followed by MYR3.80. On the flip side, the momentum may lose steam if it falls below the MYR3.45 support.
Source: RHB Securities Research - 6 May 2022
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