RHB Investment Research Reports
Trading Stocks - Shin Yang Group
rhbinvest
Publish date: Tue, 04 Jun 2024, 12:38 PM
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
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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
Shin Yang Group has staged a bullish breakout after it broke past the key resistance on high volume. The stock has climbed above the MYR0.68 resistance to form a fresh “higher high” to confirm a bullish setup. An extension of the bullish trajectory sees the counter travelling towards the next resistance at MYR0.74, followed by the MYR0.79 level. On the other hand, breaching below the MYR0.63 support negates the bullish setup.
Source: RHB Securities Research - 4 Jun 2024
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