RHB Investment Research Reports
Trading Stocks - IFCA MSC
rhbinvest
Publish date: Wed, 28 Feb 2024, 09:59 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
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
IFCA MSC is in the midst of sideways consolidation and is poised for a bullish breakout after recently testing the MYR0.29 immediate resistance level. If a breakout occurs above this level, the stock may climb towards the recent high of MYR0.31, followed by the 52-week high, which is also the MYR0.345 resistance level. In the event that the stock falls below the MYR0.27 support level, the bullish setup would be invalidated.
Source: RHB Securities Research - 28 Feb 2024
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