RHB Retail Research: Kumpulan Powernet may extend upward move

RHB Retail Research says Kumpulan Powernet Berhad may extend its upward move, post the recent testing of the 21-day SMA line.

In a trading note, the research house says a positive bias may emerge above MYR2.25, with resistance points pegged at MYR2.50, followed by MYR2.60.

“A stop-loss can be set below MYR2.25,” it says.

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