RHB Investment Research Reports
Trading Stocks - MY EG Services
rhbinvest
Publish date: Fri, 22 Nov 2024, 10:53 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
MY EG Services is poised to continue the upside movement after staging a bullish breakout. The stock climbed above the 21-day SMA line and closed above the MYR0.90 resistance, showing the bullish setup is in play. Riding on the renewed momentum, the counter should travel towards MYR0.95, followed by the MYR1 mark. Conversely, breaching the MYR0.86 support will dent market sentiment and opens the door for downward movements
Source: RHB Securities Research - 22 Nov 2024
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