RHB Investment Research Reports
Trading Stocks - Poh Kong Holdings
rhbinvest
Publish date: Wed, 12 Jul 2023, 09:39 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
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
Poh Kong Holdings is set for an uptrend reversal as it rebounded strongly yesterday – crossing above the 21-day SMA line and breaching the MYR0.845 immediate resistance. The “White Marubozu” bullish candlestick formed yesterday indicates the bullish bias would see the stock trend higher towards MYR0.90, followed by MYR1. If it drops below the MYR0.81 support, this would indicate a bearish trend.
Source: RHB Securities Research - 12 Jul 2023
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