RHB Investment Research Reports
Trading Stocks - Johor Plantations
rhbinvest
Publish date: Mon, 09 Sep 2024, 09:36 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
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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
Johor Plantations is eyeing to extend the upside movement after staging a bullish breakout. The stock has closed above the MYR0.965 resistance to form a “higher high” closing. Meanwhile, the 21-day SMA line is pointing upwards, showing short-term trend is bullish. Riding on the momentum, the stock may test MYR1.03, followed by MYR1.08. In the event it breaches the MYR0.92 support, this will negate the bullish setup.
Source: RHB Securities Research - 9 Sept 2024
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