RHB Investment Research Reports

Trading Stocks - PLYTEC

rhbinvest
Publish date: Thu, 25 Jul 2024, 09:52 AM
rhbinvest
0 4,382
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

PLYTEC is eyeing to extend the upside movement after staging a bullish breakout. The stock has crossed above the MYR0.36 resistance to confirm a bullish setup. Meanwhile, trading volume has been increasing in tandem with the share price, showing a strong bullish momentum is underway. Riding on the momentum, the counter may test the next resistance at MYR0.39, followed by the MYR0.42 level. On the other hand, falling below the MYR0.33 support opens the door for a correction.

Source: RHB Securities Research - 25 Jul 2024

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment