RHB Investment Research Reports

Trading Stocks - ITMAX System

Publish date: Fri, 08 Dec 2023, 07:34 PM
0 3,533
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

Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216

ITMAX System is eyeing for a technical breakout as it bounced off the 21-day SMA line, heading towards the MYR1.83 immediate resistance. If a breakout above that level happens, the stock may climb towards MYR1.90, followed by the next resistance at MYR2. On the other hand, falling below the MYR1.72 support would lead to a resumption of the bearish phase.

Source: RHB Securities Research - 8 Dec 2023

Related Stocks
Market Buzz
More articles on RHB Investment Research Reports
Be the first to like this. Showing 0 of 0 comments

Post a Comment