RHB Investment Research Reports
Trading Stocks - Deleum
rhbinvest
Publish date: Tue, 27 Aug 2024, 12:50 PM
rhbinvest
0 4,584
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
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
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
Deleum is eyeing to extend the bullish movement after breaking past the resistance on strong volume. The stock climbed above the MYR1.40 resistance and printed a long bullish candlestick. This latest price action shows a strong bullish momentum is in play. We expect a follow-through price action to test the next resistance levels at MYR1.50 and MYR1.57. In the event, it breaches the MYR1.33 support, this invalidates the bullish setup.
Source: RHB Securities Research - 27 Aug 2024
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
