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.
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
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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