RHB Investment Research Reports
Trading Stocks - P.A. Resources
rhbinvest
Publish date: Fri, 12 Jan 2024, 03:47 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
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
P.A. Resources is set to continue its uptrend reversal after breaching above the MYR0.295 immediate resistance, backed by surging trading volume. If the breakout sustains, the stock should climb higher towards the MYR0.32 immediate resistance, and then the MYR0.35 next resistance. However, falling below the MYR0.265 support – forming a “lower low” bearish pattern – may trigger a downtrend.
Source: RHB Securities Research - 12 Jan 2024
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