RHB Investment Research Reports
Trading Stocks - Bermaz Auto
rhbinvest
Publish date: Fri, 30 Aug 2024, 10:43 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
Bermaz Auto is looking to extend its upside movement after staging a bullish breakout. The stock managed to climb above the MYR2.50 resistance level with a long bullish candlestick. The latest price action has confirmed that a bullish technical setup is in play. Riding on the renewed momentum, the stock should travel towards MYR2.60, followed by MYR2.70. If it falls below the MYR2.40 support level, the bullish setup will be invalidated.
Source: RHB Securities Research - 30 Aug 2024
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