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.
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
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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