RHB Investment Research Reports

Trading Stocks - Ocean Fresh

rhbinvest
Publish date: Wed, 13 Nov 2024, 10:10 AM
rhbinvest
0 4,414
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

Ocean Fresh is attempting to extend the upside movement after surging past the resistance on high volume. The stock closed above the MYR0.395 resistance with a long white candlestick, which shows the strong bullish momentum is now in play. After the breakout, we expect a follow-through price action to test the next resistance at MYR0.44, followed the by MYR0.48 level. In the event it breaches the MYR0.35 support, this invalidates the bullish setup.

Source: RHB Securities Research - 13 Nov 2024

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment