RHB Investment Research Reports

Trading Stocks - Sin-Kung Logistics

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Publish date: Thu, 10 Oct 2024, 10:48 AM
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Sin-Kung Logistics is poised to extend its upside movement after breaking past the resistance with strong volume. The stock printed a fresh bullish candlestick and closed above the MYR0.19 resistance, confirming the strong bullish momentum is in play. Riding on this renewed momentum, the counter should continue to climb towards MYR0.21, followed by the higher resistance at MYR0.23. Conversely, breaching below the MYR0.17 support invalidates the bullish setup.

Source: RHB Securities Research - 10 Oct 2024

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