RHB Investment Research Reports
Trading Stocks - Topmix
rhbinvest
Publish date: Wed, 12 Jun 2024, 10:47 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
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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
Topmix is set to climb higher after rebounding strongly to reclaim the 21-day SMA line, and breaking above the MYR0.61 resistance yesterday. If the breakout sustains, the bullish momentum may propel the stock towards the historical high at the MYR0.68 resistance, followed by the next resistance at the MYR0.80 threshold. However, a fall below the MYR0.52 support would reverse the momentum, as the counter would be trading below the SMA line.
Source: RHB Securities Research - 12 Jun 2024
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