RHB Investment Research Reports
Trading Stocks - SFP Tech Holdings
rhbinvest
Publish date: Wed, 13 Dec 2023, 10:03 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
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
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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
SFP Tech Holdings is poised for an uptrend reversal, as it bounced off the 21-day SMA line and tested the strong resistance point of MYR1.02 yesterday as trading volume surged. Pending a breakout above that level, the stock may propel higher towards the MYR1.10 mark, before possibly testing the all-time-high of MYR1.19. On the other hand, falling below the MYR0.93 support will negate the bullish setup.
Source: RHB Securities Research - 13 Dec 2023
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