RHB Investment Research Reports
Trading Stocks - PWF Consolidated
rhbinvest
Publish date: Mon, 23 Sep 2024, 04:08 PM
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
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Kuala Lumpur
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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
PWF Consolidated is poised to continue trending upwards, after it underwent a bullish breakout on high volume. It has surged past the MYR0.93 resistance and charted a fresh “higher high” candlestick, reaffirming that the bulls are in play. Riding on this momentum, the counter may eventually test the MYR0.98 resistance, followed by the MYR1.03 level. On the flip side, falling below the MYR0.89 support would invalidate the bullish setup.
Source: RHB Securities Research - 23 Sept 2024
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