RHB Investment Research Reports
Trading Stocks - Oriental Holdings
rhbinvest
Publish date: Tue, 24 Sep 2024, 09:49 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
Oriental Holdings is eyeing to continue the bullish trajectory after staging a bullish breakout on high volume. It has surged past the MYR7.05 resistance and printed a long bullish candlestick, reaffirming that the bullish momentum is in play. Riding on this momentum, the stock should extends the upside movement towards the MYR7.50 resistance, followed by the MYR8 mark. Conversely, falling below the MYR6.70 support kicks off the correction phase
Source: RHB Securities Research - 24 Sept 2024
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