RHB Investment Research Reports
Trading Stocks - P.A. Resources
rhbinvest
Publish date: Fri, 09 Feb 2024, 02:32 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
P.A. Resources is attempting to resume its uptrend after it rose strongly during the intraday session, hitting the MYR0.35 immediate resistance before retreating towards the close. Riding beyond the 21-day SMA line, if a breakout above the resistance occurs, the stock may climb towards MYR0.395, followed by the next resistance at MYR0.425. If the price falls below the MYR0.31 support, it would signal the beginning of a correction.
Source: RHB Securities Research - 9 Feb 2024
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