RHB Investment Research Reports
Trading Stocks - Protasco
rhbinvest
Publish date: Fri, 02 Feb 2024, 11:51 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
Protasco is set to resume its uptrend after rebounding strongly above the 21-day SMA line while breaking past the MYR0.255 immediate resistance. Backed by strong trading volume yesterday, the bulls may lift the stock even more towards the recent high of MYR0.28, followed by MYR0.315. On the flip side, breaching below the MYR0.22 support would negate the bullish setup.
Source: RHB Securities Research - 2 Feb 2024
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