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RHB Investment Research Reports

Author: rhbinvest   |   Latest post: Fri, 19 Apr 2024, 10:36 AM

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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Trading Stocks - Classic Scenic

Author:   |    Publish date:

Classic Scenic is poised to propel northwards as it attempted to break above the consolidation phase of MYR0.70 on improved trading volume yesterday. If a breakout happens above that level, the bullish momentum may propel the stock towards the MYR0.74 resistance – Apr’s high. This is then followed by the MYR0.80 next resistance – the highest point seen since Oct 2021. Meanwhile, a drop below the MYR0.675 support may reverse the momentum southwards as it falls below the 21-day average line.

Source: RHB Securities Research - 25 May 2022

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Labels: HEXRTL

Related Stocks

Chart Stock Name Last Change Volume 
HEXRTL 0.47 -0.005 (1.05%) 350,500 

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