RHB Investment Research Reports

Trading Stocks - ITMAX System

rhbinvest
Publish date: Tue, 30 Jan 2024, 09:53 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.

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ITMAX System is attempting to stage a bullish breakout, while grazing the immediate resistance of MYR1.90 on high volume. If it climbs above the immediate resistance, a bullish bias should emerge. In this case, the momentum would propel the counter towards the MYR2 threshold, followed by MYR2.20. Conversely, falling below the MYR1.72 support would trigger a downward movement.

Source: RHB Securities Research - 30 Jan 2024

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