RHB Investment Research Reports
Trading Stocks - Hwa Tai Industries
rhbinvest
Publish date: Fri, 20 May 2022, 12:05 PM
rhbinvest
0 3,599
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
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Tel : +(60) 3 9280 8888
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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
Hwa Tai Industries is poised to climb upwards as it move past the MYR0.62 resistance yesterday – hitting the 21-day average line. If a breakout above that level happens, the stock may propel further towards the next resistance set at MYR0.69. This is followed by MYR0.75 – the YTD high. If it falls below the support threshold of MYR0.58, selling pressure may emerge, as this forms a “lower low” bearish pattern.
Source: RHB Securities Research - 20 May 2022
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