RHB Investment Research Reports
Trading Stocks - Shin Yang
rhbinvest
Publish date: Mon, 29 Jan 2024, 10:17 AM
rhbinvest
0 3,573
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
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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
Shin Yang has climbed above a strong resistance, signifying bullish setup is confirmed. We observe the stock broke past the MYR0.66 resistance on strong volume. The 21-day SMA line is pointing upwards, showing the short-term trend is bullish. The bullish momentum should propel the stock towards MYR0.70 mark and followed by MYR0.74. On the flipside, breaching below the MYR0.62 support will negate the bullish setup.
Source: RHB Securities Research - 29 Jan 2024
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