RHB Investment Research Reports
Trading Stocks - Carimin Petroleum
rhbinvest
Publish date: Wed, 17 Apr 2024, 09:52 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
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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
Carimin Petroleum is set for an uptrend reversal after staging a bullish breakout above the MYR0.88 resistance yesterday – coupled with strong trading volume. The stock has rebounded above the 21-day SMA line, solidifying its uptrend towards the next resistance at the recent high of MYR0.95, followed by the MYR1 mark. On the flipside, falling below the MYR0.85 support will negate the bullish setup.
Source: RHB Securities Research - 17 Apr 2024
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