RHB Investment Research Reports
Trading Stocks - Oppstar
rhbinvest
Publish date: Thu, 02 May 2024, 10:52 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
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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
Oppstar is eyeing to extend the upside movement after jumping above a key resistance. The counter broke past the MYR1.34 resistance on the heel of strong trading volume. The latest positive price action, coupled with high volume, shows the bullish momentum is growing stronger. The stock should extend the bullish trajectory towards MYR1.55, followed by MYR1.75. Conversely, falling below the MYR1.20 support resumes the correction phase.
Source: RHB Securities Research - 2 May 2024
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