RHB Investment Research Reports

Trading Stocks - Infomina

Publish date: Thu, 30 Mar 2023, 10:44 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.

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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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