RHB Investment Research Reports
Trading Stocks - Sarawak Oil Palms
rhbinvest
Publish date: Tue, 20 Feb 2024, 10:28 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
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
Sarawak Oil Palms’ price is set for an uptrend after bouncing off the 21-day SMA line and surpassing the MYR2.86 immediate resistance level yesterday – backed by strong trading volume. If it manages to sustain above that level, the bulls may drive the stock’s price towards the MYR3 mark, followed by the next resistance at MYR3.50. Conversely, a decline below the MYR2.70 support negates the bullish setup.
Source: RHB Securities Research - 20 Feb 2024
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