RHB Investment Research Reports
Trading Stocks - PBA
rhbinvest
Publish date: Mon, 26 Feb 2024, 10:02 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
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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
PBA is poised to resume its upside movement after breaching the key resistance. The stock has climbed above the MYR2.35 resistance on strong volume. The price action shows that the bulls have the technical advantage now, and the renewed momentum should propel the stock towards MYR2.60, followed by MYR2.85. In the event it falls below the MYR2.15 support, this would invalidate the bullish setup.
Source: RHB Securities Research - 26 Feb 2024
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