RHB Investment Research Reports
Trading Stocks - Sedania Innovator
rhbinvest
Publish date: Fri, 05 Jan 2024, 12:55 PM
rhbinvest
0 4,347
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
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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
Sedania Innovator is initiating an uptrend reversal after rebounding strongly above the immediate resistance of MYR0.24, banking on strong trading volume. Coupled with the “higher high” bullish pattern, the positive momentum should lift the stock towards the next resistance of MYR0.28 before reaching the next resistance of MYR0.315. However, falling below the MYR0.21 support – forming a “lower low” bearish pattern – may spark a downtrend.
Source: RHB Securities Research - 5 Jan 2024
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