RHB Investment Research Reports

Trading Stocks - Malaysia Building Society

rhbinvest
Publish date: Tue, 05 Mar 2024, 12:03 PM
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An official blog in I3investor to publish research reports provided by RHB Research team.

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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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