RHB Investment Research Reports

Trading Stocks - DXN Holdings

rhbinvest
Publish date: Wed, 05 Jun 2024, 10:20 AM
rhbinvest
0 4,382
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

DXN Holdings is set to see an uptrend reversal after bouncing off the 21-day SMA line and testing the MYR0.66 immediate resistance level yesterday. If a breakout occurs above this level, bullish momentum may propel the stock towards the MYR0.72 resistance, and then towards the next resistance level at MYR0.77. However, a fall below the MYR0.635 support level would reverse the momentum, as the counter would move downwards to form a "lower low" bearish structure.

Source: RHB Securities Research - 5 Jun 2024

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

Post a Comment