RHB Investment Research Reports
Trading Stocks - Gas Malaysia
rhbinvest
Publish date: Thu, 29 Aug 2024, 10:19 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
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
Gas Malaysia is attempting to extend the bullish movement after breaking past the resistance on strong volume. The counter has climbed above the MYR3.65 resistance with long bullish candlestick, showing strong bullish momentum is in play. An extension of the upside movement should see the counter testing the next resistance at MYR3.80, followed by MYR3.95. Meanwhile, falling below the MYR3.50 support will kickstart the correction phase.
Source: RHB Securities Research - 29 Aug 2024
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