RHB Investment Research Reports
Trading Stocks - Mr DIY Group
rhbinvest
Publish date: Fri, 07 Jun 2024, 11:24 AM
rhbinvest
0 3,877
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
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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
Mr DIY Group is set to resume its uptrend after experiencing a technical breakout above the immediate resistance of MYR1.88 – forming a “higher high” bullish pattern. The bullish momentum is likely to persist, driving the counter higher towards the MYR2.20 resistance, followed by the MYR2.36 next resistance. On the flip side, falling below the MYR1.77 support negates the bullish setup, as it would then be trading below the 21-day SMA line.
Source: RHB Securities Research - 7 Jun 2024
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