Tuesday 23 Apr 2024
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KUALA LUMPUR (Dec 11): RHB Retail Research said Ajinomoto (M) Bhd may rise higher after it breached above the RM20.00 threshold.

In a trading stocks note today, the research house said this close has sent the stock to its highest close in more than two months, thereby enhancing the positive sentiment.

“A bullish bias may emerge above the RM20.00 level, with an exit set below the RM18.38 threshold.

“Towards the upside, the immediate resistance level is at RM23.00. This is followed by the RM26.48 level,” it said.

 

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