Saturday 18 Jan 2025
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KUALA LUMPUR (Sept 21): RHB Retail Research said Opcom Holdings Bhd is poised to trend north after it rebounded strongly from the 21-day average line, while attempting to surpass the immediate resistance of 84 sen, and forming a “higher high” bullish structure.

In a trading stocks note on Wednesday (Sept 21), the research house said that the bullish bias above that level may propel it further towards the 89.5 sen point (Aug 1’s high), followed by 99 sen or May 12’s high.

“However, the counter may reverse direction if it falls below the 78.5 sen support, trading below the average line while forming a 'lower low' bearish structure,” it said.

Opcom shares closed 0.6% higher to 84 sen on Wednesday, at a market capitalisation of RM234.43 million.

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