RHB Investment Research Reports
Trading Stocks - Infoline Tec Group
rhbinvest
Publish date: Thu, 01 Sep 2022, 10:59 AM
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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
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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
The bullish momentum reared up and propelled Infoline Tec Group past the immediate resistance of MYR0.385. The stock printed a fresh “higher high” bullish candlestick, showing that sentiment has turned positive. Riding on the momentum, it should climb towards MYR0.42, followed by MYR0.45. On the other hand, falling below the MYR0.355 support or the 21-day SMA line would negate the positive expectation.
Source: RHB Securities Research - 1 Sept 2022
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