RHB Investment Research Reports
Trading Stocks - Berjaya Land
rhbinvest
Publish date: Thu, 18 Jul 2024, 11:25 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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Jalan Tun Razak
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
Berjaya Land is attempting to break past the immediate resistance after charting a bullish candlestick. The counter rose to test the MYR0.42 resistance level yesterday. If it closes above the immediate resistance, a bullish setup will be confirmed. In this scenario, the counter may extend its upside movement towards MYR0.45, followed by MYR0.48. However, a fall below the MYR0.39 support level would kick off downward movement.
Source: RHB Securities Research - 18 Jul 2024
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