Wednesday 24 Apr 2024
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KUALA LUMPUR (Feb 14): RHB Retail Research said BIMB Holdings Bhd may trend higher after it recently climbed above the RM4.00 threshold.

In a trading stocks note today, the research house said as the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced.

“A bullish bias may emerge above the RM4.00 level, with an exit set below the RM3.75 threshold.

“Towards the upside, the immediate resistance is at RM4.20. This is followed by the RM4.50 level,” it said.

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