RHB Investment Research Reports

Trading Stocks - Go Hub Capital

rhbinvest
Publish date: Thu, 14 Nov 2024, 09:45 AM
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Go Hub Capital is poised to extend the upside movement after surging past the resistance on high volume. The stock printed a long white candlestick and closed above the MYR1.20 resistance, which shows the underlying momentum is bullish. After the breakout, we expect follow-through price actions to test the next resistance at MYR1.40, followed by the MYR1.65 mark. If it falls below the MYR1.05 support, this will negate the bullish setup.

Source: RHB Securities Research - 14 Nov 2024

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