RHB Retail Research says Naim Holdings Berhad formed a long white candle to decisively break away from its 2-month consolidation phase, which took place around the 21-day SMA line.
In a trading note, the research house says a positive bias may emerge above MYR0.71, with resistance points pegged at MYR0.785, followed by MYR0.825.
“A stop-loss can be placed below MYR0.71,” it says.
