RHB Investment Research Reports
Trading Stocks - SAM Engineering
rhbinvest
Publish date: Mon, 26 Feb 2024, 10:01 AM
rhbinvest
0 4,347
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
SAM Engineering and Equipment (M) is consolidating sideways and may undergo a bullish breakout. The stock is testing the MYR4.30 immediate resistance with high volume. In the event it breaks past the immediate resistance, a bullish setup will be confirmed. In this scenario, the stock will climb towards MYR4.60, followed by the MYR5 mark. Conversely, breaching below the MYR4 support will set off a downtrend.
Source: RHB Securities Research - 26 Feb 2024
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