RHB Investment Research Reports
Trading Stocks - Malaysia Building Society
rhbinvest
Publish date: Tue, 05 Mar 2024, 12:03 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
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
Malaysia Building Society is poised for a technical breakout after bouncing off the ascending 21-day SMA line on strong volume yesterday. If a breakout above the MYR0.78 immediate resistance happens, the counter should trend upwards and head for the MYR0.82 resistance, followed by the MYR0.90 mark. Meanwhile, falling below the MYR0.75 immediate support will nullify the bullish setup.
Source: RHB Securities Research - 5 Mar 2024
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