Saturday 18 May 2024
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KUALA LUMPUR (Feb 27): RHB Retail Research said Ahmad Zaki Resources Bhd may move higher after it tested the MYR0.40 support recently.

In a trading notes today, the research house said given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced.

“A bullish bias may emerge above the 43.5 sen level, with an exit set below the 40 sen threshold.

“Towards the upside, the immediate resistance is at 50 sen. This is followed by the 56.5 sen level,” it said.

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