RHB Investment Research Reports
Trading Stocks - Infomina
rhbinvest
Publish date: Thu, 30 Mar 2023, 10:44 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
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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
Infomina may be heading for a major breakout, as it rebounded from the recent low and tested the immediate resistance of MYR1.50 yesterday. If a breakout happens, the stock may head towards the all-time high of MYR1.56, before possibly marking a new pinnacle at MYR1.60. However, if it drops below the MYR1.41 support, the momentum may be reversed and result in the formation of a "lower low" bearish pattern.
Source: RHB Securities Research - 30 Mar 2023
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