RHB Investment Research Reports
Trading Stocks - Kobay Technology
rhbinvest
Publish date: Fri, 31 May 2024, 10:53 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
Kobay Technology is poised for a technical breakout after rebounding off the 21-day SMA line and closing at the immediate resistance of MYR2.26. If a breakout happens above that mark, the counter will trend higher towards the 52-week high of MYR2.58, followed by MYR3 level. On the flip side, falling below the MYR1.94 support negates the bullish setup, as it would then be trading below the SMA line.
Source: RHB Securities Research - 31 May 2024
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