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.
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
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Jalan Tun Razak
Kuala Lumpur
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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
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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