ViTrox may climb higher, says RHB Retail Research

-A +A

KUALA LUMPUR (Sept 12): RHB Retail Research said ViTrox Corp Bhd may climb higher after posting a white candle and hitting its new 52-week high.

In a trading stocks note today, the research house said with the 21-day SMA line edging upwards, this suggests a likelihood of increasing demand in the near term.

“A bullish bias may emerge above the RM7.80 level, with an exit set below the RM7.34 threshold.

“Towards the upside, the immediate resistance is at RM8.50. This is followed by the RM9.00 level,” it said.