RHB Investment Research Reports
Trading Stocks - PMB Technology
rhbinvest
Publish date: Mon, 16 Jan 2023, 08:37 AM
rhbinvest
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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
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
PMB Technology is attempting to stage a bullish breakout, and is consolidating near the 21-day SMA line. We noticed that the stock has been consolidating sideways between MYR4.25 and MYR3.93. If it breaks out from the consolidation zone, it may attract strong buying pressure to lift it towards MYR4.50, followed by MYR4.80. A breach below the support level of MYR3.93 would kick start the correction phase.
Source: RHB Securities Research - 16 Jan 2023
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