RHB Investment Research Reports

Trading Stocks - P.A. Resources

rhbinvest
Publish date: Thu, 21 Mar 2024, 10:16 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.

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P.A. Resources is poised for a potential technical breakout after reclaiming the 21-day SMA line, as it heads towards the recent high of MYR0.365. A breakout above this level could drive the stock higher towards the MYR0.39 resistance, and potentially the next resistance level of MYR0.42, which is also the 2-year high. On the contrary, a breach below the MYR0.33 support level would increase the risk of a downtrend reversal.

Source: RHB Securities Research - 21 Mar 2024

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