KUALA LUMPUR (Nov 14): RHB Retail Research said Coastal Contracts Bhd may move higher after it breached above the RM1.40 threshold.
In a trading stocks note today, the research house said this close has sent the stock to its highest close in more than eight months, thereby enhancing the positive sentiment.
“A bullish bias may appear above the RM1.40 level, with an exit set below the RM1.30 threshold.
“Towards the upside, the near-term resistance level is at RM1.63. This is followed by the RM1.73 level,” it said.