RHB Investment Research Reports
Trading Stocks - SMRT Holdings
rhbinvest
Publish date: Mon, 18 Dec 2023, 10:42 AM
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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
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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
SMRT Holdings is set to resume its uptrend after experiencing a breakout above the MYR1.01 level on Friday, coupled with surging trading volume above the rising 21-day SMA line. If the breakout sustains, the stock is likely to advance towards the new high at the MYR1.10 mark before potentially reaching another new high at MYR1.20. Conversely, a drop below the MYR0.90 support would invalidate the bullish setup.
Source: RHB Securities Research - 18 Dec 2023
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