RHB Investment Research Reports

Trading Stocks - PLYTEC

rhbinvest
Publish date: Wed, 27 Nov 2024, 10:45 AM
rhbinvest
0 4,469
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

PLYTEC is eyeing to continue the bullish trajectory after staging a bullish breakout. The stock has printed a long white candlestick and breached above the MYR0.39 resistance. The latest “higher high” candlestick shows the underlying momentum is bullish. Premised on the bullish momentum, the counter should travel towards MYR0.42, followed by the MYR0.45 level. Meanwhile, falling below the MYR0.36 support will dent market sentiment and open the door for correction.

Source: RHB Securities Research - 27 Nov 2024

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

Post a Comment