RHB Investment Research Reports

Trading Stocks - ITMAX System

rhbinvest
Publish date: Fri, 08 Dec 2023, 07:34 PM
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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

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