RHB Investment Research Reports

Trading Stocks - Ranhill Utilities

rhbinvest
Publish date: Wed, 30 Aug 2023, 09:16 AM
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Ranhill Utilities underwent a technical breakout, surpassing the previous resistance of MYR0.655. Supported by significant trading volume, the stock is set to climb towards the MYR0.73 resistance, followed by MYR0.80. A breach below the MYR0.605 support – forming a “lower low” bearish pattern below the 21-day SMA line – would dent sentiment and spark a downtrend.

Source: RHB Securities Research - 30 Aug 2023

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