RHB Investment Research Reports

Trading Stocks - Infoline Tec’s

Publish date: Fri, 03 Nov 2023, 10:23 AM
0 3,558
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

Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216

Infoline Tec’s price is consolidating sideways, eyeing to stage a bullish breakout. We have observed the stock’s price moving horizontally below the MYR0.79 resistance for consolidation. In the event it climbs above the immediate resistance, a bullish bias will emerge. In this case, the counter’s price will test the next resistance pegged at MYR0.82, followed by the MYR0.88 level. On the downside, breaching the MYR0.745 support will resume the correction phase.

Source: RHB Securities Research - 3 Nov 2023

Related Stocks
Market Buzz
Be the first to like this. Showing 0 of 0 comments

Post a Comment