RHB Investment Research Reports
Trading Stocks - RCE Capital
rhbinvest
Publish date: Thu, 29 Aug 2024, 10:17 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
RCE Capital is poised to extend the bullish trajectory after staging a bullish breakout. The stock managed to break past the MYR3.30 resistance on high volume. The latest price action suggests strong bullish momentum is underway. Riding on this momentum, expect a follow-through price action to test MYR3.60, followed by the MYR3.85 mark. If it breaches the MYR3.10 support, this will negate the bullish setup.
Source: RHB Securities Research - 29 Aug 2024
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