RHB Investment Research Reports
Trading Stocks - ITMAX System
rhbinvest
Publish date: Fri, 08 Dec 2023, 07:34 PM
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
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
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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