RHB Investment Research Reports
Trading Stocks - TAS Offshore
rhbinvest
Publish date: Thu, 18 Jan 2024, 04:25 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
TAS Offshore is eyeing to resume the upside movement after staging a rebound from the key support. We observed the stock bounce off the MYR0.475 support on strong volume. If it breaks past the MYR0.51 resistance, the bullish setup will be confirmed. In this case, the stock should climb towards MYR0.555, followed by MYR0.61. In the event it breaches below the MYR0.475 support, this will kick off the correction phase.
Source: RHB Securities Research - 18 Jan 2024
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