RHB Investment Research Reports
Trading Stocks - Gas Malaysia
rhbinvest
Publish date: Tue, 07 Jun 2022, 09:27 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
Gas Malaysia is in the process of consolidating sideways after a recent retracement. A bullish bias may emerge if it breaches above the MYR3.17 immediate resistance level. In this scenario, the stock may resume its uptrend to reclaim its recent and historical MYR3.30 high, before possibly printing a new high at MYR3.50. If it falls below the support level of MYR3.00, the stock may trend downwards.
Source: RHB Securities Research - 7 Jun 2022
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