RHB Investment Research Reports
Trading Stocks - HSS Engineers
rhbinvest
Publish date: Tue, 23 Apr 2024, 10:26 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
HSS Engineers is rebounding towards the MYR1.02 resistance level following recent strong correction – forming a “Morning Star” bullish reversal candlestick pattern. If a breakout above that resistance occurs, the uptrend reversal is confirmed, and it is set to rebound towards the MYR1.09 resistance, followed by the MYR1.20 next resistance. However, breaching below the MYR0.855 support would result in the resumption of the correction phase.
Source: RHB Securities Research - 23 Apr 2024
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