RHB Investment Research Reports

Trading Stocks - Parkson

rhbinvest
Publish date: Thu, 25 May 2023, 12:07 PM
rhbinvest
0 4,414
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

Parkson may see an extension of its uptrend after it broke past the MYR0.145 resistance on strong volume. The latest “higher high” bullish pattern with high volume shows that the momentum has shifted to a positive one. The bullish momentum should propel the stock towards MYR0.16, followed by MYR0.18. Conversely, breaching below the MYR0.13 support will negate the bullish setup.

Source: RHB Securities Research - 25 May 2023

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 2 of 2 comments

niktraderinvestor

Price already at 18c when this post released. What a joke n dumbass rhb

2023-05-25 13:19

nicholas99

of course ma. lure u in. only can sell. if not how to make money from you.

2023-05-25 15:41

Post a Comment