RHB Investment Research Reports
Trading Stocks - Notion VTec
rhbinvest
Publish date: Mon, 11 Mar 2024, 11:28 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
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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
Notion VTec is poised to scale higher after it formed a bullish setup. The stock broke past the MYR0.50 resistance to chart a Bullish Marubozu. Trading volume has been increasing, which indicates that the bullish momentum is gaining pace now. Since the bullish structure has been confirmed, expect a fresh “higher high” price action to test MYR0.57, followed by MYR0.64. In the event it falls below the MYR0.465 support, this would invalidate the bullish set-up.
Source: RHB Securities Research - 11 Mar 2024
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