RHB Investment Research Reports
Trading Stocks - Zantat Holdings
rhbinvest
Publish date: Tue, 21 May 2024, 11:01 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
Zantat Holdings has been in a consolidation phase since midApril, hovering between the MYR0.455 and MYR0.515 range. If it manages to break past MYR0.515, the sideways consolidation movement would shift to an uptrend, heading towards MYR0.56 – the highest point since its debut this year – before potentially reaching a new high level at MYR0.60. On the flip side, falling below the MYR0.455 support will negate the bullish setup as it would then be trading below the consolidation phase.
Source: RHB Securities Research - 21 May 2024
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