RHB Investment Research Reports
Trading Stocks - Magni-Tech Industries
rhbinvest
Publish date: Thu, 05 Sep 2024, 09:45 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
Magni-Tech Industries is looking to stretch its bullish trajectory after breaking past the resistance on strong volume. The stock printed a long bullish candlestick and closed above the MYR2.47 resistance yesterday to confirm a bullish setup. Riding on such momentum, the counter may climb towards MYR2.70, followed by the MYR2.85 level. Meanwhile, falling below the MYR2.30 support invalidates the bullish setup.
Source: RHB Securities Research - 5 Sept 2024
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