RHB Investment Research Reports

Trading Stocks - Techbond Group

rhbinvest
Publish date: Wed, 22 Nov 2023, 11:54 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.

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Techbond Group is set to propel north after a breakout occurred above the MYR0.45 resistance yesterday, as it charted a bullish candlestick. With the 21-day SMA line trending upwards on top of the pick-up in trading volume, this indicates that the shortterm trend is bullish. Post breakout, the stock is set to climb towards MYR0.47 or the 2-month high, followed by MYR0.495 ie the YTD high. Towards the downside, falling below the MYR0.425 support would reverse the trend further.

Source: RHB Securities Research - 22 Nov 2023

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