RHB Investment Research Reports
Trading Stocks - Ranhill Utilities
rhbinvest
Publish date: Wed, 13 Dec 2023, 10:04 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
Ranhill Utilities is in the midst of a technical rebound as it trended upwards for three consecutive sessions and tested the MYR0.90 resistance recently. If a breakout above that level happens, the stock may climb towards the recent high of MYR0.98, followed by the next resistance of MYR1.10 – the highest level since 18 Sep 2019. On the other hand, falling below the MYR0.83 support would lead to a downtrend.
Source: RHB Securities Research - 13 Dec 2023
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