RHB Investment Research Reports

Trading Stocks - Marine & General

rhbinvest
Publish date: Wed, 10 Jan 2024, 03:30 PM
rhbinvest
0 3,523
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

Marine & General is in the midst of a rebound following a recent correction as it rebounded above the 21-day SMA line while aiming for the MYR0.24 immediate resistance level on strong trading volume. If a breakout happens, the uptrend rebound will likely lead to the stock climbing towards the MYR0.28 resistance, which was the 52-week high, before hitting the MYR0.35 threshold. However, falling below the MYR0.21 support – forming a “lower low” bearish pattern – may trigger a downtrend.

Source: RHB Securities Research - 10 Jan 2024

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment