RHB Investment Research Reports
Trading Stocks - Resintech
rhbinvest
Publish date: Fri, 12 Jul 2024, 10:00 AM
rhbinvest
0 4,426
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
Resintech is poised to extend the upside movement after staging a bullish breakout. The stock has climbed above the MYR0.595 resistance on strong volume. The latest breakout, coupled with the rising volume, shows bullish momentum is gaining speed now. Riding on the momentum, the stock may set its sights to test MYR0.66, followed by MYR0.70. Conversely, falling below the MYR0.56 support would negate the bullish setup.
Source: RHB Securities Research - 12 Jul 2024
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