RHB Investment Research Reports

Trading Stocks - HSS Engineers

rhbinvest
Publish date: Tue, 23 Apr 2024, 10:26 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.

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HSS Engineers is rebounding towards the MYR1.02 resistance level following recent strong correction – forming a “Morning Star” bullish reversal candlestick pattern. If a breakout above that resistance occurs, the uptrend reversal is confirmed, and it is set to rebound towards the MYR1.09 resistance, followed by the MYR1.20 next resistance. However, breaching below the MYR0.855 support would result in the resumption of the correction phase.

Source: RHB Securities Research - 23 Apr 2024

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