RHB Investment Research Reports
Trading Stocks - Ajinomoto (Malaysia)
rhbinvest
Publish date: Wed, 04 Sep 2024, 09:50 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
Ajinomoto (Malaysia) is looking to extend its upside movement after climbing above the resistance level on strong volume. The stock printed a bullish candlestick and closed above the MYR15 resistance level yesterday to confirm a bullish setup. Riding on the bullish momentum, the stock may travel towards MYR15.70, followed by MYR16.50. On the other hand, a fall below the MYR14 support level will negate the bullish setup.
Source: RHB Securities Research - 4 Sept 2024
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