RHB Investment Research Reports
Trading Stocks - Malaysia Airports
rhbinvest
Publish date: Mon, 08 May 2023, 11:05 AM
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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
Malaysia Airports is in the midst of scaling higher since it climbed above the resistance on high volume. The stock has been charting “higher highs” in tandem with the increasing volume, which indicates that strong momentum is underway. Riding on the positive momentum, it may test the next resistance of MYR7.50, followed by MYR7.80. On the flip side, falling below the MYR6.90 support will negate the bullish setup.
Source: RHB Securities Research - 8 May 2023
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