RHB Investment Research Reports
Trading Stocks - Sin Heng Chan (Malaya)
rhbinvest
Publish date: Fri, 28 Jun 2024, 09:39 AM
rhbinvest
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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
Sin Heng Chan (Malaya)’s upside movement could be extended after it breached the key resistance point on strong volume. The counter broke past the MYR0.385 resistance to form a fresh “higher high” bullish candlestick. An extension of the bullish setup should see a “higher high” candlestick, thereby testing the next resistance of MYR0.42, followed by MYR0.45. Meanwhile, falling below the MYR0.36 support will negate the bullish setup.
Source: RHB Securities Research - 28 Jun 2024
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