Sunday 06 Oct 2024
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KUALA LUMPUR (March 11): RHB Retail Research said EITA Resources Bhd is extending its uptrend after breaking past the key resistance on high volume.

In a trading stocks note on Monday, the research house said that the stock had climbed above the 93.5 sen resistance to form a multi-month high.

“The trading volume has been increasing in tandem with its share price, showing that a bullish momentum is accelerating.

“Riding on the momentum, the stock may travel towards the RM1 mark, followed by RM1.08.

“On the other hand, breaching below the 88 sen support would negate the bullish setup,” it said.

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