RHB Investment Research Reports
Trading Stocks - Crescendo Corp
rhbinvest
Publish date: Wed, 24 Jul 2024, 11:08 AM
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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
Crescendo Corp is poised to resume the upside movement after staging a bullish breakout. The counter jumped above the MYR3.88 resistance on the back of strong volume, showing that the bullish momentum is now increasing speed. Riding on the renewed momentum, the stock is eyeing to test the next resistance at MYR4.25, followed by the MYR4.50 level. However, a breach below the MYR3.60 support will negate the bullish setup.
Source: RHB Securities Research - 24 Jul 2024
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ks55
If breach 3.60, all in.
2024-07-24 23:17