KUALA LUMPUR (Nov 10): RHB Retail Research said Insas Bhd is set continue its uptrend momentum after breaking past the immediate resistance of RM1.09 on high trading volume on Tuesday (Nov 9) – printing a “higher high” bullish structure.
In a trading stocks note on Wednesday, the research house said if the stock manages to stay above that level, the bulls may drive the stock towards the immediate resistance of RM1.20, followed by RM1.30.
“Conversely, falling below the RM1.04 support level – forming a “lower low” pattern – will cancel this expectation,” it said.