RHB Investment Research Reports
Trading Stocks - SkyWorld Development
rhbinvest
Publish date: Fri, 03 May 2024, 10:27 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
SkyWorld Development is set to rebound from its recent corrections after surpassing the MYR0.62 immediate resistance level yesterday. The bullish bias above this level should drive the stock higher towards the MYR0.66 resistance level, followed by MYR0.70. However, a fall below the MYR0.60 support level would reverse the momentum, as it would form a “lower low” bearish structure.
Source: RHB Securities Research - 3 May 2024
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