RHB Investment Research Reports
Trading Stocks - Malakoff
rhbinvest
Publish date: Tue, 14 Nov 2023, 10:06 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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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
Malakoff may extend its uptrend after breaching the resistance on high volume. The stock has printed three consecutive “higher high” bullish candlesticks, while trading volume has been increasing. After pushing past the MYR0.64 resistance, the stock is setting its sights on the next resistance of MYR0.68, followed by MYR0.70. Conversely, falling below the MYR0.625 support will lead to the resumption of a correction phase.
Source: RHB Securities Research - 14 Nov 2023
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