Share
- The research house said that the counter broke past the RM2.95 resistance to form a fresh “higher high” bullish candlestick.
KUALA LUMPUR (April 1): RHB Retail Research Crescendo Corp Bhd is poised to extend the upside movement after staging a bullish breakout.
In a trading stocks note on Monday, the research house said that the counter broke past the RM2.95 resistance to form a fresh “higher high” bullish candlestick.
“Coupled with the gap up, this shows strong bullish momentum is underway.
“The momentum should lift the counter towards the next resistance pegged at RM3.20, followed by RM3.50.
“Conversely, falling below the RM2.75 support would invalidate the bullish setup,” it said.
Looking to buy a home? Sign up for EdgeProp START and get exclusive rewards and vouchers for ANY home purchase in Malaysia (primary or subsale)!
TOP PICKS BY EDGEPROP
Lake Vista Residence (Tasik Vista Residen)
Cheras, Selangor
Taman Tasik Semenyih (Lake Residence)
Semenyih, Selangor
Taman Tasik Semenyih (Lake Residence)
Semenyih, Selangor
Ridgefield Residences @ Tropicana Heights Kajang
Kajang, Selangor
Medan Idaman Business Centre
Setapak, Kuala Lumpur
Taman Sri Putra, Sungai Buloh
Sungai Buloh, Selangor
Kawasan Perindustrian Balakong
Balakong, Selangor
