RHB Investment Research Reports
Trading Stocks - Farm Fresh
rhbinvest
Publish date: Wed, 20 Dec 2023, 10:59 AM
rhbinvest
0 4,592
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
Farm Fresh is poised to resume its uptrend above the 21-day SMA line as it bounced off and tested the MYR1.37 immediate resistance on stronger trading volume. If a breakout above that resistance happens, the bullish momentum is expected to propel the stock towards the recent high of MYR1.42, followed by the MYR1.50 mark. Conversely, falling below the MYR1.30 support would point to a potential downtrend.
Source: RHB Securities Research - 20 Dec 2023
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