RHB Investment Research Reports
Trading Stocks - IGB REIT
rhbinvest
Publish date: Mon, 09 Sep 2024, 09:37 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
IGB REIT is poised to extend the bullish trajectory after breaking past the resistance on high volume. The counter has climbed above the MYR2.02 resistance on a long bullish candlestick. We observed the volume has been increasing in tandem with the share price, showing strong bullish momentum is in play. The momentum should lift the counter towards MYR2.12, followed by MYR2.20. On the flipside, falling below the MYR1.94 support level would open the door for correction.
Source: RHB Securities Research - 9 Sept 2024
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
