RHB Investment Research Reports
Trading Stocks - Malakoff
rhbinvest
Publish date: Mon, 05 Feb 2024, 12:42 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
Malakoff is undergoing consolidation, and is attempting to stage a bullish breakout. We observe that the stock has been moving horizontally below the MYR0.675 resistance. However, trading volume has increased recently, with the bullish momentum picking up pace. If bullish breakout happens, the stock may climb towards MYR0.70, followed by MYR0.73. Conversely, breaching below the MYR0.63 support would kick off the downward movement.
Source: RHB Securities Research - 5 Feb 2024
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