RHB Investment Research Reports
Trading Stocks - Iskandar Waterfront City
rhbinvest
Publish date: Thu, 21 Dec 2023, 11:12 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
Iskandar Waterfront City is poised for a positive rebound after bouncing off the 21-day SMA line, testing the MYR0.67 immediate resistance level. If it manages to surpass that level, the bullish momentum is expected to propel the stock towards the MYR0.735 immediate resistance, followed by the MYR0.805 next resistance. Conversely, falling below the MYR0.60 support would point towards a potential downtrend.
Source: RHB Securities Research - 21 Dec 2023
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