RHB Investment Research Reports

Trading Stocks - Nylex

Publish date: Mon, 04 Jul 2022, 09:42 AM
0 1,323
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

Nylex is set to resume its recent counter-trend rebound as it inched higher to breach the MYR0.30 mark last Friday with strong trading volume – also printing a “White Marubozu” bullish candlestick. If the buying interest sustains, the stock may propel towards the MYR0.325 resistance, or 29 Jun’s high, followed by the MYR0.365 next resistance, which was 29 Apr’s high. However, the stock may reverse direction if it falls below the MYR0.265 support – forming a “lower low” bearish pattern.

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