RHB Retail Research: Omesti momentum of buying could be strong

RHB Retail Research says Omesti formed a long white candle, indicating that the momentum of buying could be strong.

In a trading note, the research house says this candle has sent the stock to its highest close in more than a month, thereby enhancing the positive sentiment.

“An upbeat bias may emerge above the MYR0.60 level, with an exit set below the MYR0.56 mark.

“Towards the upside, the immediate resistance is at the MYR0.68 level, followed by the MYR0.715 threshold,” it says.

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