RHB Investment Research Reports
Trading Stocks - ITMAX SYSTEM
rhbinvest
Publish date: Mon, 24 Jun 2024, 10:40 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
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Jalan Tun Razak
Kuala Lumpur
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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
ITMAX SYSTEM’s uptrend may be extended post a bullish breakout. The counter has climbed above the MYR2.45 resistance to form a fresh “higher high” bullish candlestick. The rising 21-day SMA line indicates that the short-term trend is a bullish one. An extension of the bullish structure should see the counter travel towards MYR2.65, followed by MYR2.80. Conversely, breaching below the MYR2.33 support will nullify the bullish expectation.
Source: RHB Securities Research - 24 Jun 2024
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