RHB Investment Research Reports

Trading Stocks - Ramssol

rhbinvest
Publish date: Fri, 21 Jun 2024, 10:01 AM
rhbinvest
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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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