RHB Investment Research Reports
Trading Stocks - Shin Yang’s
rhbinvest
Publish date: Mon, 29 Jul 2024, 05:11 PM
rhbinvest
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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
Shin Yang’s uptrend may be extended after it breached the resistance on strong volume. The counter rose above the MYR0.90 resistance to form a fresh “higher high” bullish candlestick. Trading volume has been increasing, and its price implies that the momentum is bullish. This may propel it towards the next resistance of MYR0.97, followed by MYR1.05. Conversely, falling below the MYR0.82 support will open the door to a correction.
Source: RHB Securities Research - 29 Jul 2024
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