RHB Investment Research Reports

Trading Stocks - Malaysia Airports

Publish date: Fri, 06 May 2022, 11:14 AM
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Malaysia Airports may cross above the immediate resistance as trading momentum has been gaining traction lately. We note that the stock has been moving sideways, while trading volume has picked up. If it breaks past the immediate resistance of MYR6.95, strong momentum may propel the stock towards MYR7.20, followed by the MYR7.40 resistance. Conversely, breaching below the MYR6.65 support would nullify the expectation.

Source: RHB Securities Research - 6 May 2022

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