RHB Investment Research Reports
Trading Stocks - Innoprise Plantations
rhbinvest
Publish date: Fri, 08 Mar 2024, 11:25 AM
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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
Innoprise Plantations is eyeing a strong uptrend after testing the MYR1.54 resistance or 52-week high yesterday with strong volume. If a breakout above that level happens, the bullish momentum may accelerate to drive the stock upwards – towards the MYR1.60 resistance, followed by the MYR1.65 next resistance. On the other hand, falling below the MYR1.45 support will negate the bullish structure.
Source: RHB Securities Research - 8 Mar 2024
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