KUALA LUMPUR (Jan 30): RHB Retail Research said Yinson Holdings Bhd may rebound further after it tested the RM4.03 support in recent sessions.
In a trading stocks note today, the research house said as the stock rose above the 21-day SMA line, this is a positive sign.
“A bullish bias may appear above the RM4.20 level, with an exit set below the RM4.03 threshold.
“Towards the upside, the near-term resistance is at RM4.50. This is followed by the RM4.76 level,” it said.