RHB Investment Research Reports
Trading Stocks - PGF Capital
rhbinvest
Publish date: Mon, 14 Oct 2024, 10:14 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
PGF Capital is poised to continue its bullish trajectory after staging a bullish breakout with strong volume. The counter charted a long bullish candlestick and surpassed the MYR2.05 resistance level, confirming that the underlying momentum is bullish. The momentum should lift the stock towards the next resistance level at MYR2.18, followed by the one at MYR2.30. However, if it falls below the MYR1.93 support level, the bullish setup will be invalidated.
Source: RHB Securities Research - 14 Oct 2024
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