RHB Investment Research Reports

Trading Stocks - Magni-Tech Industries

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Publish date: Thu, 05 Sep 2024, 09:45 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.

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Magni-Tech Industries is looking to stretch its bullish trajectory after breaking past the resistance on strong volume. The stock printed a long bullish candlestick and closed above the MYR2.47 resistance yesterday to confirm a bullish setup. Riding on such momentum, the counter may climb towards MYR2.70, followed by the MYR2.85 level. Meanwhile, falling below the MYR2.30 support invalidates the bullish setup.

Source: RHB Securities Research - 5 Sept 2024

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