RHB Investment Research Reports

Trading Stocks - Bermaz Auto

rhbinvest
Publish date: Wed, 14 Feb 2024, 06:09 PM
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Bermaz Auto is poised for a technical breakout as it bounced off the 21-day SMA line and headed towards the MYR2.55 immediate resistance. If a breakout above that level happens, the bullish bias may see the stock climb towards the MYR2.75 immediate resistance, followed by the MYR3 mark. However, a fall below the MYR2.36 support would potentially signal a downtrend.

Source: RHB Securities Research - 14 Feb 2024

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