RHB Investment Research Reports
Trading Stocks - Go Hub Capital
rhbinvest
Publish date: Thu, 14 Nov 2024, 09:45 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
Go Hub Capital is poised to extend the upside movement after surging past the resistance on high volume. The stock printed a long white candlestick and closed above the MYR1.20 resistance, which shows the underlying momentum is bullish. After the breakout, we expect follow-through price actions to test the next resistance at MYR1.40, followed by the MYR1.65 mark. If it falls below the MYR1.05 support, this will negate the bullish setup.
Source: RHB Securities Research - 14 Nov 2024
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