RHB Investment Research Reports
Trading Stocks - SP Setia
rhbinvest
Publish date: Tue, 16 Jan 2024, 04:13 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
RHB Investment Bank Bhd
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Kuala Lumpur
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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
SP Setia rebounded above the 21-day SMA line while reclaiming above the MYR0.90 immediate resistance with strong trading volume. The bullish momentum above that level is likely to propel the stock towards the recent high at MYR0.975, followed by the next resistance at MYR1.06, or the 52-week high. On the other hand, a fall below the MYR0.835 support would lead to a correction.
Source: RHB Securities Research - 16 Jan 2024
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