RHB Investment Research Reports
Trading Stocks - UEM Edgenta
rhbinvest
Publish date: Tue, 10 Dec 2024, 10:04 AM
rhbinvest
0 4,554
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
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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
UEM Edgenta is attempting to continue the upside movement after staging a bullish breakout on strong volume. The counter printed a long white candlestick and closed above the MYR0.70 resistance, showing a strong bullish momentum is now in play. Premised on this bullish momentum, the stock may climb towards MYR0.78, followed by the MYR0.84 level. On the downside, breaching below the MYR0.665 support will resume the correction phase.
Source: RHB Securities Research - 10 Dec 2024
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
