KUALA LUMPUR (Mar 20): RHB Retail Research said Dagang Nexchange Bhd may rebound higher after it continued holding above the 40 sen support.
In a trading stocks note today, the research house said as the stock rose above the 21-day SMA line, this indicates a positive sign.
“A bullish bias may appear above the 44 sen level, with an exit set below the 40 sen threshold.
“Towards the upside, the near-term resistance level is at 48 sen. This is followed by the 51 sen level,” it said.