Share
- The research house said that if it manages to reclaim the 42.5 sen immediate resistance, the stock would trend higher towards the 44.5 sen recent high, followed by the 50 sen next resistance.
KUALA LUMPUR (April 4): RHB Retail Research said Bina Darulaman Bhd is poised to resume its uptrend after Wednesday’s retreat from the recent breakout — maintaining above the rising 21-day simple moving average (SMA) line.
In a trading stocks note on Thursday, the research house said that if it manages to reclaim the 42.5 sen immediate resistance, the stock would trend higher towards the 44.5 sen recent high, followed by the 50 sen next resistance.
“However, a fall below 37.5 sen invalidates 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
Gateway 16, Bandar Bukit Raja
Bandar Bukit Raja, Selangor
Bandar Botanic
Bandar Botanic/Bandar Bukit Tinggi, Selangor
Sunway Rydgeway Puncak Melawati
Taman Melawati, Selangor
The Stride Strata Office @ BBCC
Pudu, Kuala Lumpur
The Stride Strata Office @ BBCC
Pudu, Kuala Lumpur
