RHB Investment Research Reports
Trading Stocks - Aimflex
rhbinvest
Publish date: Wed, 04 Sep 2024, 09:51 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
Aimflex is eyeing a technical breakout after testing the immediate resistance level. The counter has been consolidating sideways below the MYR0.195 resistance level. If a breakout takes place, a bullish bias will emerge. In this case, the counter may climb towards the next resistance at MYR0.215, followed by the one at MYR0.235. However, a fall below the MYR0.17 support level would open the door for downward correction.
Source: RHB Securities Research - 4 Sept 2024
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