RHB Investment Research Reports

Trading Stocks - Infomina

rhbinvest
Publish date: Fri, 01 Dec 2023, 11:07 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.

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Infomina is set to climb northwards, having broken above the MYR1.70 immediate resistance with strong trading volume. Coupled with the price trading above the rising 21-day SMA line, the renewed bullish momentum would propel the stock towards the MYR1.88 resistance, followed by the MYR2 mark. Towards the downside, falling below the MYR1.63 support would reverse the trend, leading it to trade below the SMA line.

Source: RHB Securities Research - 1 Dec 2023

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