RHB Retail Research: Naim Holdings breaks away from consolidation phase

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here