RHB Investment Research Reports

Trading Stocks - Theta Edge

rhbinvest
Publish date: Thu, 07 Nov 2024, 10:38 AM
rhbinvest
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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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