RHB Investment Research Reports
Trading Stocks - Pekat Group
rhbinvest
Publish date: Wed, 20 Mar 2024, 10:50 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
Pekat Group is set for an uptrend rebound after recently rebounding strongly and surpassing the MYR0.45 mark while consolidating above this level yesterday. Coupled with the price being above the ascending 21-day SMA line, the bullish momentum may persist, allowing the stock to head towards the MYR0.50 resistance, followed by the MYR0.52 next resistance. On the flip side, falling below the MYR0.425 nullifies the bullish bias.
Source: RHB Securities Research - 20 Mar 2024
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