RHB Investment Research Reports
Trading Stocks - Shin Yang Shipping
rhbinvest
Publish date: Mon, 12 Jun 2023, 12:24 PM
rhbinvest
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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
Shin Yang Shipping is in the process of climbing higher, after it broke past the resistance on strong volume. Observe that the stock has crossed above the MYR0.63 resistance and charted a “higher high” bullish candlestick. Amidst the bullish setup, the momentum would propel the stock towards MYR0.68, followed by MYR0.71. On the other hand, falling below the MYR0.58 support will negate the bullish structure.
Source: RHB Securities Research - 12 Jun 2023
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