RHB Retail Research
Technical Analysis - RCE Capital
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RCE Capital’s upside move may persist after it continued holding above the rising 21-day SMA line. As the stock marked a higher close vis-à-vis the previous sessions since 19 Jun, this indicates a positive sign. A bullish bias may emerge above the MYR1.52 level, with an exit set below the MYR1.42 threshold. Towards the upside, the immediate resistance is at MYR1.62. This is followed by the MYR1.71 level.
Source: RHB Securities Research - 22 Jun 2018
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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RCE Capital, according to RHB Securities may emerge above RM1.52 in price. So with DY=4.6% and ROE = 17.06% may be worth picking this share for investment. But remember this share is controlled by Tan Sri Azman Hashim of AM bank.
2018-06-30 16:11