RHB Investment Research Reports
Trading Stocks - SP Setia
rhbinvest
Publish date: Tue, 05 Mar 2024, 12:04 PM
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
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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
SP Setia is eyeing a positive rebound after bouncing off the immediate support and testing the immediate resistance of MYR0.91 yesterday – on surging trading volume. If a breakout above that level happens, the bullish momentum may drive the stock towards the MYR0.975 resistance, followed by MYR1.06. On the other hand, falling below the MYR0.84 support would negate the bullish structure.
Source: RHB Securities Research - 5 Mar 2024
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