RHB Investment Research Reports
Trading Stocks - HPP
rhbinvest
Publish date: Fri, 12 Jul 2024, 10:01 AM
rhbinvest
0 4,390
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
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
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
HPP is showing a bullish setup after breaking past the consolidation zone. The counter has jumped above the MYR0.37 resistance on the heel of high volume. The 21-day SMA line is rising upwards, echoing short-term trend is bullish. Post breakout, expect a follow-through price action to test the next resistances at MYR0.395 and MYR0.42. A breach below the MYR0.345 support would resume the correction phase.
Source: RHB Securities Research - 12 Jul 2024
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