Saturday 04 May 2024
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KUALA LUMPUR (Jan 16): RHB Retail Research said Hua Yang Bhd may rebound higher after it continued holding above the 60 sen support.

In a trading stocks note today, the research house said yesterday’s white candle sent the stock to its highest close in nearly two months, thereby enhancing the bullish sentiment.

“A bullish bias may appear above the 65 sen level, with an exit set below the 60 sen threshold.

“Towards the upside, the near-term resistance level is at 76.5 sen. This is followed by the 84.5 sen level,’ it said.

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