RHB Investment Research Reports
Trading Stocks - Hartalega Holdings
rhbinvest
Publish date: Wed, 27 Dec 2023, 11:47 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
Hartalega Holdings is set to propel higher after reclaiming the MYR2.70 previous resistance, coupled with the rising 21-day SMA line. Riding on the improved trading volume, the stock is likely to trend upwards towards the MYR3.10 level, followed by the immediate resistance at MYR3.60 mark. On the flip side, a drop below the MYR2.50 support would indicate a potential downtrend, beneath the SMA line.
Source: RHB Securities Research - 27 Dec 2023
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