RHB Investment Research Reports
Trading Stocks - Eastern & Oriental
rhbinvest
Publish date: Wed, 20 Dec 2023, 10:58 AM
rhbinvest
0 3,568
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
Eastern & Oriental is set for an uptrend reversal after undergoing a breakout above the MYR0.59 level yesterday on improving trading volume above the 21-day SMA line. If the breakout is sustained, the stock will likely advance towards the MYR0.62 recent high, followed by the next resistance at MYR0.67. Conversely, a drop below the MYR0.565 support would invalidate the bullish setup.
Source: RHB Securities Research - 20 Dec 2023
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