RHB Investment Research Reports
Trading Stocks - Farm Fresh
rhbinvest
Publish date: Tue, 09 Apr 2024, 11:02 AM
rhbinvest
0 4,426
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
Farm Fresh is set to resume its uptrend after surpassing the immediate resistance of MYR1.45 recently, with strong trading volume. Coupled with trading above the rising 21-day SMA line, the stock would trend higher towards the MYR1.58 resistance, followed by the next resistance at MYR1.65. However, a fall below MYR1.40 invalidates the bullish bias – trading below the SMA line.
Source: RHB Securities Research - 9 Apr 2024
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