RHB Investment Research Reports
Trading Stocks - Ramssol
rhbinvest
Publish date: Fri, 21 Jun 2024, 10:01 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
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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
Ramssol is in the midst of extending the bullish trajectory, after breaking past the resistance. The counter has charted a bullish candlestick yesterday and closed above the MYR0.545 resistance. The rising 21-day SMA line indicates that the shortterm trend is bullish. Riding on the bullish momentum, the counter should travel towards MYR0.60, followed by MYR0.65. Meanwhile, falling below the MYR0.515 support will nullify the positive expectation.
Source: RHB Securities Research - 21 Jun 2024
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