KUALA LUMPUR (Dec 13): RHB Retail Research said Astro Malaysia Holdings Bhd is set for an uptrend as it bounced off above its consolidation phase of 96 sen on high volume recently – printing above the 21-day average line.

In a trading stocks note on Monday (Dec 13), the research house said if the stock manages to retain above the consolidation level, a follow-through of this bullish momentum should propel the stock towards the psychological level of RM1.00, followed by RM1.05.

“If it falls below the 94 sen support, the momentum may be reversed,” it said.