RHB Investment Research Reports
Trading Stocks - Bursa Malaysia
rhbinvest
Publish date: Tue, 19 Dec 2023, 10:51 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
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
Bursa Malaysia is poised to break past the consolidation phase after rebounding above the 21-day SMA line, as it approached the immediate resistance level of MYR6.95 yesterday on a surge in trading volume. If a breakout happens, the bullish momentum is expected to propel the stock towards the MYR7.20 resistance, then the MYR7.50 mark. Conversely, falling below the MYR6.70 support would point to a potential downtrend.
Source: RHB Securities Research - 19 Dec 2023
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