RHB Investment Research Reports
Trading Stocks - Haily Group
rhbinvest
Publish date: Thu, 27 Jun 2024, 09:56 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
RHB Investment Bank Bhd
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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
Haily Group is attempting to stage a bullish breakout after testing the immediate resistance. The stock printed a bullish candlestick yesterday, and is looking to cross above the MYR0.64 resistance level. We observed that the 21-day SMA line is moving upwards, showing that the short-term trend is bullish. If the stock breaks past the immediate resistance, it will travel towards MYR0.69, followed by MYR0.75. However, a fall below the MYR0.57 support level would open the door for a correction.
Source: RHB Securities Research - 27 Jun 2024
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