RHB Investment Research Reports
Trading Stocks - AYS Ventures
rhbinvest
Publish date: Fri, 24 Nov 2023, 10:48 AM
rhbinvest
0 4,390
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
AYS Ventures is set for an uptrend reversal, as it bounced off the 21-day SMA line, breaching above the MYR0.395 resistance to form a “Bullish Marubozu” candlestick. Coupled with stronger trading volume, the stock is expected to rebound higher towards the MYR0.44 resistance, followed by the next resistance at MYR0.48. A fall below the MYR0.375 support would negate the bullish setup.
Source: RHB Securities Research - 24 Nov 2023
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