Wednesday 17 Apr 2024
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KUALA LUMPUR (Dec 18): RHB Retail Research said SMRT Holdings Bhd is set to resume its uptrend after experiencing a breakout above the RM1.01 level on Friday, coupled with surging trading volume above the rising 21-day SMA (simple moving average) line.

In a trading stocks note on Monday, the research house said that if the breakout sustains, the stock is likely to advance towards the new high at the RM1.10 mark before potentially reaching another new high at RM1.20.

“Conversely, a drop below the 90 sen support would invalidate the bullish setup,” it said.

 

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