RHB Investment Research Reports

Trading Stocks - PBA

Publish date: Mon, 26 Feb 2024, 10:02 AM
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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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