RHB Investment Research Reports
Trading Stocks - Mega First
rhbinvest
Publish date: Mon, 15 Jan 2024, 04:04 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
Mega First is extending its bullish trajectory after climbing above its strong resistance level. The counter rose above the MYR3.70 resistance level as bullish momentum gained speed. A follow through or “higher high” price action would see the stock move towards the MYR4 mark, followed by MYR4.25. If it falls below the support level at MYR3.53, the bullish setup would be negated.
Source: RHB Securities Research - 15 Jan 2024
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