RHB Investment Research Reports
Trading Stocks - Pesona Metro
rhbinvest
Publish date: Wed, 27 Nov 2024, 10:45 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
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
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
Pesona Metro is poised to extend the upside movement after breaking past the resistance. Yesterday, the stock printed a white candlestick and closed above the MYR0.26 resistance, showing strong bullish momentum is in play. After the breakout, expect a follow-through price action to test the next resistance at MYR0.28, followed by the MYR0.30 mark. On the other hand, a fall below the MYR0.24 support will kickstart the correction.
Source: RHB Securities Research - 27 Nov 2024
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