Omesti showing early signs of developing rebound, says RHB Retail Research
15 Sep 2020, 07:43 am
KUALA LUMPUR (Sept 15): RHB Retail Research said Omesti Bhd is showing early signs of developing a rebound after it experienced a sharp retracement over the past five weeks.
In a trading stocks note today, the research house said an upside breach of 56 sen would likely signal an extension of a rebound with subsequent resistance points pegged at 60 sen and 62 sen.
“This expectation would be invalidated if its share price dips to below 53.5 sen,” it said.
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