RHB Investment Research Reports
Trading Stocks - Hiap Teck Ventures
rhbinvest
Publish date: Mon, 21 Aug 2023, 04:41 PM
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
Hiap Teck Ventures is poised to travel higher after it broke past the key resistance. Observe that the stock has climbed above the MYR0.40 resistance with high volume and the bullish setup is confirmed. Riding on the strong momentum, it should test the next resistance pegged at MYR0.435, followed by MYR0.47. On the other hand, falling below the MYR0.365 support will kick off the correction phase.
Source: RHB Securities Research - 21 Aug 2023
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