RHB Investment Research Reports
Trading Stocks - Astro Malaysia Holdings
rhbinvest
Publish date: Thu, 13 Jun 2024, 10:41 AM
rhbinvest
0 4,584
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
Astro Malaysia Holdings is poised to trend higher after climbing to test the MYR0.39 immediate resistance with high volume. If the breakout happens, the bullish momentum may propel the stock towards the immediate resistance of MYR0.44, followed by the next resistance at MYR0.475. However, a fall below the MYR0.36 support would reverse the momentum as the counter would be trading below the SMA line.
Source: RHB Securities Research - 13 Jun 2024
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