RHB Investment Research Reports
Trading Stocks - Malaysian Resources Corporation
rhbinvest
Publish date: Tue, 16 Jan 2024, 04:14 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
Malaysian Resources Corporation is set to climb higher as it broke past the immediate resistance of MYR0.51 on stronger trading volume. If the breakout sustains, the bullish momentum may propel the stock towards the next resistance levels at MYR0.57, followed by MYR0.60. Conversely, a fall below the MYR0.465 support would lead the stock to a bearish phase.
Source: RHB Securities Research - 16 Jan 2024
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