RHB Investment Research Reports
Trading Stocks - Scientex
rhbinvest
Publish date: Wed, 17 Jan 2024, 04:20 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
Scientex is set to climb further after going through a technical breakout above the immediate resistance of MYR3.99 yesterday on strong trading volume. Tracking the rising 21-day SMA line, the stock is likely trend upwards in the upcoming sessions and head towards the MYR4.18 resistance, followed by MYR4.30. On the flip side, a drop below the MYR3.85 support would indicate a potential downtrend, beneath the SMA line.
Source: RHB Securities Research - 17 Jan 2024
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