KUALA LUMPUR (July 3): RHB Retail Research said HE Group Bhd (KL:HEGROUP) is eyeing to stretch the upside movement after staging a breakout at the resistance level.

In a trading stocks note today, the research house said that the stock has closed above the 74 sen resistance to reaffirm a bullish setup.

“The 21-day simple moving average line is still pointing upwards, showing the short-term trend is bullish.

“The stock is eyeing to travel into the uncharted territory of 82 sen, followed by 90 sen.

“On the downside, falling below the 67.5 sen support would kick off the correction phase,” it said.