RHB Investment Research Reports
Trading Stocks - Sin-Kung Logistics
rhbinvest
Publish date: Thu, 10 Oct 2024, 10:48 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
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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
Sin-Kung Logistics is poised to extend its upside movement after breaking past the resistance with strong volume. The stock printed a fresh bullish candlestick and closed above the MYR0.19 resistance, confirming the strong bullish momentum is in play. Riding on this renewed momentum, the counter should continue to climb towards MYR0.21, followed by the higher resistance at MYR0.23. Conversely, breaching below the MYR0.17 support invalidates the bullish setup.
Source: RHB Securities Research - 10 Oct 2024
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