RHB Investment Research Reports
Trading Stocks - Swift Haulage
rhbinvest
Publish date: Wed, 10 Jan 2024, 03:27 PM
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
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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
Swift Haulage is set to trend upwards further after it pushed past the breakout level of the MYR0.585 immediate resistance yesterday, on high trading volume. If the breakout is sustained, the stock may propel higher towards the recent high of MYR0.65, followed by the next resistance at the MYR0.70 mark. However, if it falls below the MYR0.54 support – forming a lower low – this expectation will be nullified.
Source: RHB Securities Research - 10 Jan 2024
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