RHB Investment Research Reports
Trading Stocks - Theta Edge
rhbinvest
Publish date: Fri, 28 Jun 2024, 09:39 AM
rhbinvest
0 3,868
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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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
Theta Edge’s uptrend may be resumed after it underwent a bullish breakout. The stock has climbed above the 21-day SMA line and breached the MYR1.70 resistance. This latest breakout has confirmed the bullish setup. Riding on the renewed momentum, the stock should travel towards MYR1.90, followed by MYR2.10. On the flip side, falling below the MYR1.50 support will open the door to a correction.
Source: RHB Securities Research - 28 Jun 2024
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