RHB Investment Research Reports
Trading Stocks - Naim Holdings
rhbinvest
Publish date: Thu, 25 Apr 2024, 10:31 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
Naim Holdings is likely to resume its uptrend after the recent consolidation above the MYR0.975 breakout level. Coupled with strong trading volume, we expect the stock to trend higher towards the MYR1.10 recent high, followed by the MYR1.20 next resistance. On the flip side, falling below the MYR0.875 support negates the bullish setup.
Source: RHB Securities Research - 25 Apr 2024
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