RHB Retail Research: Sarawak Cable extends recent upward move

RHB Retail Research says Sarawak Cable Berhad tested the MYR0.32 resistance in the latest trade, extending its recent upward move off the 200-day SMA line.

In a trading note, the research house says a positive bias may emerge above MYR0.32 with resistance marks pegged at MYR0.35 followed by MYR0.365.

“A stop-loss can be placed below MYR0.305,” it says.

LEAVE A REPLY

Please enter your comment!
Please enter your name here