KUALA LUMPUR (Feb 26): RHB Retail Research said Fitters Diversified Bhd may move higher after it continued holding above the 47 sen support.
In a trading stocks note today, the research house said given that it has formed a long white candle above the rising 21-day SMA line, this indicates a positive sign.
“A bullish bias may appear above the 49.5 sen level, with an exit set below the 47 sen threshold.
“Towards the upside, the near-term resistance is at 56 sen. This is followed by the 60 sen level,” it said.