Saturday 30 Nov 2024
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KUALA LUMPUR (Dec 23): RHB Retail Research said Notion Vtec Bhd is set to reclaim its recent high, as it bounced off the previous breakout level of 34.5 sen (currently the immediate support) on improved trading volume.

In a trading stocks note on Friday (Dec 23), the research house said that as the “higher high” and “higher low” bullish patterns firm up, the bulls are likely to drive the stock up towards the recent high of 38.5 sen, and then the 40 sen mark.

“The momentum may reverse if it drops below 32.5 sen, forming a 'lower low' bearish pattern below the 21-day average line,” it said.

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