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.

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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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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