RHB Investment Research Reports
Trading Stocks - KGW
rhbinvest
Publish date: Mon, 27 May 2024, 10:30 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
KGW staged a bullish breakout, eyeing to extend the upside movement as the counter climbed above the MYR0.20 resistance on the back of high volume. The latest breakout has confirmed a bullish setup. The renewed momentum should propel the counter towards the next resistance pegged at MYR0.22, followed by MYR0.24. On the flipside, falling below the MYR0.18 support will negate the bullish setup.
Source: RHB Securities Research - 27 May 2024
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