RHB Research Highlights Promising Stock Picks for Growth
In an exciting development in the world of Malaysian finance, RHB Investment Bank Bhd has unveiled its latest insights, spotlighting stocks that exhibit promising potential for gains. Through a detailed technical report, RHB Research underscores four standout contenders: CIMB Group Holdings Bhd, Crest Builder Holdings Bhd, QES Group Bhd, and Malaysia Building Society Bhd (MBSB). What makes these stocks noteworthy are the bullish technical setups that signal potential upward movements.
CIMB’s Continuing Upswing
CIMB Group stands at a pivotal point as it breaks past the RM7.50 resistance level, revealing promising chart patterns. As traders anticipate, this strong momentum could push CIMB towards testing resistance levels at RM8 and further at RM8.30. According to authoritative analysis, keeping above RM7.20 is crucial to maintaining this upward trajectory. BusinessToday Malaysia
Crest Builder’s Breakout Momentum
Crest Builder has captured the market’s interest, having experienced an upbeat breakout beyond the RM0.275 mark. The stock’s impressive trading volume is indicative of strong bullish momentum, setting sights on RM0.30 and RM0.32 targets. However, as with any market, the emphasis remains on gauging the downside risk below RM0.25, which could put the brakes on the rally.
QES Group’s Robust Trajectory
Not far behind, QES Group exhibits signs of ongoing bullishness, as it hurdles the RM0.415 resistance on solid volume. Analysts forecast exciting possibilities, with potentials set at RM0.44 and RM0.47, provided the stock stays fortified above RM0.39 support. This trajectory reflects the positive investor sentiment surrounding the stock.
MBSB’s Upward Climb
MBSB joins the ranks with a striking move above RM0.755 resistance. With a robust technical momentum, there’s an optimism of further gains, potentially inching towards RM0.775 and RM0.80. Yet, vigilant eyes remain on the RM0.735 level, which, if breached, could see the stock correcting its recent advances.
These four securities represent some of the most compelling opportunities within the current market landscape, indicative of broader economic optimism and strategic investor interest. As investors and decision-makers navigate these dynamics, the emphasis, as always, remains on informed strategies and proactive market engagement.
