RHB Investment Research Reports
Trading Stocks - MY EG Services
rhbinvest
Publish date: Thu, 25 Jul 2024, 09:53 AM
rhbinvest
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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
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
MY EG Services is attempting to resume the upside movement, testing the immediate resistance. The counter is seen consolidating sideways below the MYR1.02 resistance. We also observed the stock closing above the 21-day SMA line, showing the bullish momentum is gaining traction. If it breaks past the immediate resistance, the counter may travel towards the next resistance at MYR1.06, followed by the MYR1.12 level. A breach below the MYR0.97 support resumes the correction.
Source: RHB Securities Research - 25 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....
