RHB Investment Research Reports
Trading Stocks - HSS Engineers
rhbinvest
Publish date: Tue, 19 Nov 2024, 10:28 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
HSS Engineers is eyeing to extend the upside movement after staging an upside breakout. The counter has printed a white candlestick and closed above the MYR1.16 resistance, showing the underlying momentum is bullish. After the breakout, expect a follow-through price action to test the next resistance at MYR1.24, followed by the higher resistance at MYR1.30. A fall below the MYR1.09 support level would invalidate the bullish setup.
Source: RHB Securities Research - 19 Nov 2024
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