RHB Investment Research Reports
Trading Stocks - Ranhill Utilities
rhbinvest
Publish date: Wed, 31 Jan 2024, 11:40 AM
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
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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
Ranhill Utilities is looking to resume its uptrend amid its recent sideways consolidation. If it manages to rebound above the MYR1.19 immediate resistance level, the stock is likely to test the next resistance at MYR1.26 (the historical high), before possibly charting a new high of MYR1.40. If the stock falls below the support level of MYR1.05, this would mark the beginning of a correction.
Source: RHB Securities Research - 31 Jan 2024
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