RHB Investment Research Reports

Trading Stocks - MY E.G. Services

Publish date: Tue, 12 Dec 2023, 09:53 AM
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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

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MY E.G. Services is poised for a technical breakout as it bounced off the 21-day SMA line, testing the MYR0.83 immediate resistance yesterday. If a breakout above that level happens, the stock may climb towards MYR0.87 (15 Jun’s high), followed by the next resistance at MYR0.95. On the other hand, falling below the MYR0.80 support would lead to a downward movement.

Source: RHB Securities Research - 12 Dec 2023

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