RHB Investment Research Reports
Trading Stocks - Malaysia Building Society
rhbinvest
Publish date: Tue, 12 Mar 2024, 10:49 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
Malaysia Building Society is set to scale higher after it formed a bullish set-up. The stock broke past the MYR0.785 resistance to chart a bullish candlestick with surging trading volume, indicating strong buying interests. The bulls may persists, driving the stock towards MYR0.825 resistance (52-week high), followed by the MYR0.90 mark. In the event it falls below the MYR0.75 support, this would invalidate the bullish set-up.
Source: RHB Securities Research - 12 Mar 2024
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