RHB Investment Research Reports
Trading Stocks - Revenue Group
rhbinvest
Publish date: Tue, 20 Sep 2022, 09:13 AM
rhbinvest
0 4,584
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
Revenue Group is poised to resume its uptrend reversal as it attempted to move higher above the MYR1.04 resistance level recently. If a breakout happens, the bullish bias above that level may drive the counter north further, towards the recent high of MYR1.08, followed by MYR1.14, or 3 Jun’s high. If it falls below the MYR0.98 support, the momentum may reverse direction, as it forms a “lower low” bearish pattern below the average line.
Source: RHB Securities Research - 20 Sept 2022
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