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Make money together in BURSA MALAYSIA & WALL STREET. Trade for a livingβοΈ
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*RHB* β¦οΈ *Investment Bank Bhd*
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*RHB Retail Research*
*Technical Analyzer*
16 May 2023
Download report at: https://tinyurl.com/5bwcce7p
*REDTONE (0032)*: Shariah Compliant
Outlook: Breakout Above MYR0.53
Resistance: MYR0.57, MYR0.60
Support: MYR0.50
(time frame: 2-4 weeks)
*SPTOTO (1562)*:
Outlook: Pending Breakout MYR1.40
Resistance: MYR1.45, MYR1.49
Support: MYR1.36
(time frame: 2-4 weeks)
Investment Research Disclaimers
RHB has issued this report for information purposes only..
SYNERGY (0279) IPO Price: RM0.43
π Important Dates
Closing Date: 18/05/2023
Listing Date: 01/06/2023
π Business β SYNERGY principally involved in the design, development and sale of RTA home furniture.
π Conclusions
Pros
1) Growing revenue & profit
2) Planning to expand in e-commerce portals
Cons
1) Exposed to foreign exchanges fluctuations
2) Highly dependent on 2 major customers
π Detailed summary: https://bit.ly/3I9ojHE
M+ Online Technical Trading Stocks - 16May23
Stock Name: POHKONG (5080)
Entry: Buy above RM1.51
Target: RM1.68 (11.3%), RM1.80 (19.2%)
Stop: RM1.39 (-7.9%)
Shariah: Yes
Technical: Resistance breakout
Stock Name: AAX (5238)
Entry: Buy above RM0.94
Target: RM1.00 (6.4%), RM1.05 (11.7%)
Stop: RM0.905 (-3.7%)
Shariah: Yes
Technical: Flag-formation breakout
Source: Bloomberg, M+ Online
