RHB Investment Research Reports
Trading Stocks - Edelteq Holdings
rhbinvest
Publish date: Tue, 19 Mar 2024, 10:40 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
Edelteq Holdings is set for an uptrend rebound as it pushed past the MYR0.365 level yesterday on strong trading volume. This, coupled with the price being above the ascending 21-day SMA line, may indicate a persistent bullish momentum as the stocks heads towards the MYR0.40 resistance, followed by MYR0.43. On the flip side, falling below the MYR0.34 would nullify the bullish bias.
Source: RHB Securities Research - 19 Mar 2024
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