RHB Investment Research Reports
Trading Stocks - Senheng New Retail
rhbinvest
Publish date: Wed, 18 Dec 2024, 09:35 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
Senheng New Retail is attempting to resume the upside movement after staging a bullish breakout on the back of high volume. The stock charted a white candlestick yesterday and closed above the MYR0.26 resistance, showing a bullish momentum is now in play. Riding on the renewed momentum,the counter may continue to travel towards MYR0.285, followed by the MYR0.30 level. If it falls below the MYR0.235 support, this will negate the bullish setup and resume the correction phase.
Source: RHB Securities Research - 18 Dec 2024
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