RHB Investment Research Reports

Trading Stocks - Eastern & Oriental

rhbinvest
Publish date: Mon, 26 Feb 2024, 10:01 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.

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Eastern & Oriental may extend its uptrend after undergoing a bullish breakout. The counter broke past the MYR0.93 resistance on the heel of strong volume – indicating bullish momentum is in play now. The momentum should lift the counter towards next resistance pegged at MYR1 and followed by MYR1.13. On the downside, support has established the MYR0.83 level. Breaching the support would open door for correction.

Source: RHB Securities Research - 26 Feb 2024

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