RHB Retail Research: Astro Malaysia may rebound higher

RHB Retail Research says Astro Malaysia Holdings Bhd may rebound higher after it continued holding above the MYR0.92 support.

In a trading note, the research house says given that it formed a white candle for the third consecutive session, the positive sentiment has been enhanced.

“An upbeat bias may emerge above the MYR0.98 level, with an exit set below the MYR0.92 mark.

“Towards the upside, the immediate resistance is at the MYR1.09 level, followed by the MYR1.14 threshold,” it says.

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