RHB Investment Research Reports

Trading Stocks - SkyWorld Development

rhbinvest
Publish date: Fri, 03 May 2024, 10:27 AM
rhbinvest
0 4,588
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

SkyWorld Development is set to rebound from its recent corrections after surpassing the MYR0.62 immediate resistance level yesterday. The bullish bias above this level should drive the stock higher towards the MYR0.66 resistance level, followed by MYR0.70. However, a fall below the MYR0.60 support level would reverse the momentum, as it would form a “lower low” bearish structure.

Source: RHB Securities Research - 3 May 2024

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment