RHB Investment Research Reports
Trading Stocks - Panda Eco System
rhbinvest
Publish date: Thu, 01 Aug 2024, 09:58 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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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
Panda Eco System is attempting to resume its upside movement, knocking on the door of the immediate resistance. The stock printed a bullish candlestick yesterday and is eyeing to cross above the MYR0.445 resistance. If a breakout happens, this will attract further buying pressure. The momentum would lift the stock towards MYR0.48, followed by MYR0.52. On the flipside, breaching below the MYR0.40 support will extend the downward movement.
Source: RHB Securities Research - 1 Aug 2024
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