RHB Investment Research Reports
Trading Stocks - PIE Industrial
rhbinvest
Publish date: Tue, 07 Nov 2023, 10:19 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
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
PIE Industrial is poised to extend its upside movement after breaking past the resistance on high volume. The stock has climbed above the MYR3.15 resistance and charted a fresh “higher high”, suggesting the bullish momentum is gaining pace. The momentum would propel the stock towards the next resistance pegged at MYR3.30, followed by MYR3.50. Conversely, falling below the MYR2.95 support will negate the bullish setup.
Source: RHB Securities Research - 7 Nov 2023
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