RHB Investment Research Reports
Trading Stocks - Taliworks Corporation
rhbinvest
Publish date: Tue, 02 Jan 2024, 12:34 PM
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
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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
Taliworks Corporation is set for an uptrend after bouncing off the 21-day SMA line and breaking above the MYR0.83 consolidation phase on Friday, on a stronger trading volume. If the breakout sustains, the stock may rebound strongly towards the MYR0.86 resistance, or the all-time high, followed by the MYR1 threshold. On the flip side, a drop below the MYR0.80 support would indicate a potential downtrend – beneath the SMA line.
Source: RHB Securities Research - 2 Jan 2024
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