RHB Investment Research Reports

Trading Stocks - Southern Cable Group

rhbinvest
Publish date: Wed, 04 Oct 2023, 10:30 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.

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Southern Cable Group is set to extend the upside movement after breaching above the MYR0.355 level. The bullish momentum will propel the stock towards MYR0.38. ie the highest level since 30 Nov 2021. This is followed by the next resistance at MYR0.42. Conversely, a fall below the MYR0.33 support signals a reversal of the positive trend, as it trades below the 21-day SMA line.

Source: RHB Securities Research - 4 Oct 2023

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