Saturday 13 Apr 2024
main news image

KUALA LUMPUR (Feb 27): RHB Retail Research said Avaland Bhd may extend its uptrend after undergoing a bullish breakout.

In a trading stocks note on Tuesday, the research house said that the counter broke past the 29 sen resistance recently on the heel of strong volume indicating bullish momentum is in play now.

“The momentum should lift the counter towards the next resistance at 35.5 sen (the highest level since April 1, 2021) and followed by the 41 sen resistance.

“On the downside, support has established at the 26 sen level. Breaching the support would open the door for correction,” it said.

      Text Size