RHB Investment Research Reports
Trading Stocks - Vitrox
rhbinvest
Publish date: Thu, 17 Oct 2024, 11:52 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
Vitrox is seeing a pick-up in bullish momentum, as it jumped above the resistance level. The counter printed a long bullish candlestick and closed above the MYR3.35 resistance, showing that a bullish setup is in play. Riding on the renewed momentum, the stock should travel upwards to test the MYR3.65 level, followed by MYR3.90. If it falls below the MYR3.15 support level, the correction phase will resume.
Source: RHB Securities Research - 17 Oct 2024
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