Thursday 25 Apr 2024
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KUALA LUMPUR (Sept 21): Ni Hsin Resources Bhd shares rose 4.25% this morning following a positive technical outlook for the stock.

At 9.05am, Ni Hsin rose 1 sen to 24.5 sen with 789,000 shares done.

RHB Retail Research said Ni Hsin may trend higher after it formed another white candle and breached above the 22 sen 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 emerge above the 22 sen level, with an exit set below the 20 sen threshold.

“Towards the upside, the immediate resistance is at 25.5 sen. This is followed by the 28 sen level,” it said.

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