RHB Investment Research Reports
Trading Stocks - Focus Point
rhbinvest
Publish date: Thu, 08 Aug 2024, 09:48 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
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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
Focus Point is poised to extend the technical rebound after breaking past the resistance. The stock has found an interim bottom and climbed above the MYR0.75 resistance with a bullish candlestick. Riding on the renewed momentum, it may test the next resistance at MYR0.795, followed by MYR0.835. In the event it breaches the MYR0.71 support, this will negate the bullish setup.
Source: RHB Securities Research - 8 Aug 2024
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