RHB Investment Research Reports

Trading Stocks - Kumpulan Fima

Publish date: Mon, 04 Jul 2022, 09:41 AM
0 2,393
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

Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216

Kumpulan Fima is set for a technical rebound as it rose strongly to breach the MYR2.60 resistance last Friday with solid trading volume – forming a “higher high” bullish pattern above the 21- day average line. As it printed a “White Marubozu” bullish candlestick during the latest session, the stock is expected to jump further towards the MYR2.74 resistance, or 7 Jun’s high, followed by MYR2.86, or 10 Jun’s high. If it falls below the support level of MYR2.50, the stock may trend downwards as it trades below the average line.

Source: RHB Securities Research - 4 Jul 2022

Related Stocks
Market Buzz
Be the first to like this. Showing 0 of 0 comments

Post a Comment