RHB Investment Research Reports

Trading Stocks - MyNEWS

Publish date: Tue, 25 Jun 2024, 10:39 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.

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myNEWS is poised to continue its bullish trajectory after breaking past the resistance. The stock has crossed above the MYR0.66 resistance to form a “higher high” bullish candlestick. The latest price action affirms that the technical setup is bullish. An extension of a “higher high” bullish pattern should see the stock travelling towards MYR0.72, followed by MYR0.78. On the other hand, falling below the MYR0.60 support will nullify the positive expectation.

Source: RHB Securities Research - 25 Jun 2024

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