KUALA LUMPUR (Aug 14): RHB Retail Research said Berjaya Sports Toto Bhd may climb higher after posting a long white candle and hitting its 2-week high.
In a trading stocks note today, the research house said yesterday’s candle can be viewed as a continuation of the bulls extending the rebound from Aug 6’s “Hammer” pattern.
“A positive bias may emerge above the RM2.68 level, with an exit set below the RM2.51 threshold.
“Towards the upside, the immediate resistance is at the RM2.80 level. This is followed by the RM3.00 level,” it said.