KUALA LUMPUR (Feb 25): RHB Retail Research said Poh Kong Holdings Bhd is likely to jump higher as it had bounced off the support strongly while attempting to breach the 90.5 sen immediate resistance — it retraced from the intraday high to close at that level.

In a trading stocks note on Friday (Feb 25), the research house said if the stock manages to climb above that level again, the re-emergence of bullish momentum may see the stock rising towards the next resistance level of 96.5 sen, followed by RM1.01.

“However, the momentum may lose steam if it falls below the 82.5 sen support, i.e. below Thursday’s low,” it said.