RHB Investment Research Reports
Trading Stocks - Bank Islam Malaysia
rhbinvest
Publish date: Fri, 16 Feb 2024, 09:32 AM
rhbinvest
0 4,577
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
Bank Islam Malaysia is set for an uptrend after experiencing a technical breakout above the MYR2.30 yesterday – forming a “Bullish Marubozu” candlestick. Backed by strong trading volume, the stock may climb higher towards the MYR2.50 immediate resistance, followed by the MYR2.72 next resistance. However, a fall below the MYR2.20 support would potentially signal a downtrend.
Source: RHB Securities Research - 16 Feb 2024
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