RHB Investment Research Reports
Trading Stocks - ILB Group
rhbinvest
Publish date: Fri, 22 Dec 2023, 11:30 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
ILB Group is poised to resume its uptrend for a fresh 52-week high, as it bounced off the 21-day SMA line yesterday, testing MYR0.76, its 52-week high. If a breakout above that level occurs, the stock will likely advance towards the MYR0.88 resistance, followed by next resistance at MYR0.96. Conversely, a drop below the MYR0.70 support would invalidate the bullish setup.
Source: RHB Securities Research - 22 Dec 2023
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