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
Semenyih Integrated Industrial Park
Semenyih, Selangor
Taman Perindustrian Bukit Serdang
Seri Kembangan, Selangor
Kawasan Perindustrian Nilai 3
Nilai, Negeri Sembilan
Kampung Baru Seri Kembangan
Seri Kembangan, Selangor
Kawasan Perusahaan Sesama
Batu Caves, Selangor
Rawang Corporate Industrial Park
Rawang, Selangor
Bandar Springhill
Port Dickson, Negeri Sembilan
Semenyih Integrated Industrial Park
Semenyih, Selangor
Taman Perindustrian Bukit Serdang
Seri Kembangan, Selangor
Kawasan Perindustrian Nilai 3
Nilai, Negeri Sembilan
Kampung Baru Seri Kembangan
Seri Kembangan, Selangor
Kawasan Perusahaan Sesama
Batu Caves, Selangor
Rawang Corporate Industrial Park
Rawang, Selangor
Bandar Springhill
Port Dickson, Negeri Sembilan
