RHB Investment Research Reports
Trading Stocks - PT Resources
rhbinvest
Publish date: Fri, 28 Oct 2022, 08:57 AM
rhbinvest
0 3,568
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
PT Resources staged a bullish breakout after breaking past the MYR0.395 resistance. The stock has been observed charting a “higher high” candlestick, indicating that the bullish bias has emerged. If the momentum is sustained, the counter should climb towards MYR0.43, followed by the recent high of MYR0.47. On the flip side, breaching below the MYR0.36 support will negate the positive expectations and set off a correction.
Source: RHB Securities Research - 28 Oct 2022
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