RHB Investment Research Reports
Trading Stocks - Bermaz Auto
rhbinvest
Publish date: Wed, 14 Feb 2024, 06:09 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
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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
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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