RHB Investment Research Reports
Trading Stock - PLS Plantations
rhbinvest
Publish date: Mon, 30 Jan 2023, 10:14 AM
rhbinvest
0 3,606
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
Trading momentum on PLS Plantations has surged lately. The stock broke past the immediate resistance of MYR1.10 on the back of high volume, showing that strong trading interest has emerged. If the momentum continues, the stock should climb towards MYR1.20 followed by MYR1.27. Towards the downside, MYR1.00 would be regarded as a strong support point.
Source: RHB Securities Research - 30 Jan 2023
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