RHB Investment Research Reports
Trading Stocks - HE Group
rhbinvest
Publish date: Wed, 03 Apr 2024, 11:08 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
HE Group is in the midst of resuming its uptrend rebound after consolidating above the ascending 21-day SMA line, as it eyes the MYR0.55 immediate resistance. If a breakout occurs above this level, the stock would be propelled towards unchartered territory, reaching the MYR0.60 mark, followed by the next level at MYR0.70. However, a fall below MYR0.505 would invalidate the bullish bias.
Source: RHB Securities Research - 3 Apr 2024
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