RHB Investment Research Reports
Trading Stocks - Malaysia Airports
rhbinvest
Publish date: Fri, 06 May 2022, 11:14 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
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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