RHB Investment Research Reports
Trading Stocks - Scientex
rhbinvest
Publish date: Tue, 08 Oct 2024, 09:45 AM
rhbinvest
0 4,399
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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Jalan Tun Razak
Kuala Lumpur
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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
Scientex is eyeing to extend the bullish trajectory after breaking past the resistance on high volume. The counter charted a fresh “higher high” bullish candlestick, which shows the bullish momentum is now in play. After the breakout from the MYR4.40 resistance, we expect a follow-through price action to test the MYR4.65 level, followed by the MYR4.90 mark. Meanwhile, if it falls below the MYR4.20 support, this kick-starts the correction phase.
Source: RHB Securities Research - 8 Oct 2024
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