RHB Investment Research Reports
Trading Stocks - PIE Industrial
rhbinvest
Publish date: Thu, 29 Feb 2024, 11:11 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
PIE Industrial is poised to extend its upside movement, after breaking past the immediate resistance with strong volume ie the MYR3.30 resistance thereby charting a long bullish candlestick. Riding on this momentum, the stock should climb towards the next resistance at MYR3.50, followed by MYR3.75. On the flipside, falling below the MYR3.15 support will kick off the correction phase.
Source: RHB Securities Research - 29 Feb 2024
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