RHB Investment Research Reports
Trading Stocks - Poh Huat Resources
rhbinvest
Publish date: Tue, 13 Feb 2024, 11:38 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
RHB Investment Bank Bhd
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Kuala Lumpur
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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
Poh Huat Resources is looking to extend its bullish trajectory after breaking past the key resistance level. The stock has climbed above the MYR1.40 resistance, confirming that the consolidation phase is complete. After the breakout, momentum has picked up, and is propelling the stock towards the next resistance levels at MYR1.48, followed by MYR1.55. However, a fall below the MYR1.35 support would negate the bullish setup
Source: RHB Securities Research - 13 Feb 2024
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