RHB Investment Research Reports
Trading Stocks - Shin Yang
rhbinvest
Publish date: Wed, 19 Jun 2024, 09:47 AM
rhbinvest
0 4,414
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
Shin Yang is poised to resume the upside movement, as it attempted to break past the immediate resistance. The stock has been consolidating sideways below the MYR0.79 resistance. In the event a bullish breakout happens, the stock will resume the bullish trajectory towards the next resistance at MYR0.85, followed by MYR0.90. On the flipside, falling below the MYR0.72 support will kick off the bearish phase.
Source: RHB Securities Research - 19 Jun 2024
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