RHB Investment Research Reports
Trading Stocks - Southern Cable Group
rhbinvest
Publish date: Tue, 06 Feb 2024, 11:21 AM
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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
Southern Cable Group is likely to resume its uptrend after it rebounded from the recent pullback and reclaimed the level above the MYR0.42 immediate resistance. If it manages to sustain above this level, the stock may trend higher towards the recent high of MYR0.45, followed by the historical high of MYR0.49. Conversely, a fall below the MYR0.38 support would trigger downward movement.
Source: RHB Securities Research - 6 Feb 2024
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