RHB Investment Research Reports

Trading Stocks - Public Packages Holdings

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Publish date: Fri, 05 Jan 2024, 12:54 PM
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An official blog in I3investor to publish research reports provided by RHB Research team.

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Public Packages Holdings is expected to climb higher after it breached the immediate resistance of MYR0.76 on a surge in trading volume – thereby printing a “White Marubozu” bullish candlestick. If it remains above that level, the positive momentum may accelerate towards the next resistance of MYR0.84 (a 52-week high), followed by the 3-year high of MYR0.89. In the event it falls below the MYR0.72 support, this expectation would be cancelled.

Source: RHB Securities Research - 5 Jan 2024

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