RHB Investment Research Reports
Trading Stocks - Sin Heng Chan (Malaya)
rhbinvest
Publish date: Fri, 28 Jun 2024, 09:39 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
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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
Sin Heng Chan (Malaya)’s upside movement could be extended after it breached the key resistance point on strong volume. The counter broke past the MYR0.385 resistance to form a fresh “higher high” bullish candlestick. An extension of the bullish setup should see a “higher high” candlestick, thereby testing the next resistance of MYR0.42, followed by MYR0.45. Meanwhile, falling below the MYR0.36 support will negate the bullish setup.
Source: RHB Securities Research - 28 Jun 2024
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