RHB Investment Research Reports
Trading Stocks - Theta Edge
rhbinvest
Publish date: Thu, 07 Nov 2024, 10:38 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
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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
Theta Edge is attempting to stage a bullish breakout after testing the immediate resistance with high volume. The counter has been consolidating sideways below the MYR1.55 resistance. In the event it closes above this resistance, a bullish setup will be confirmed. In this case, the stock would climb towards MYR1.70, followed by the MYR1.85 level. Should it fall below MYR1.35, this will repeat the downsides movement.
Source: RHB Securities Research - 7 Nov 2024
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