KUALA LUMPUR (July 27): PublicInvest Research Technicals said Bintai Kinden Corp Bhd is potentially staging a breakout from its sideways channel, with anticipation of continuous improvement in both momentum and trend in the near term.

In a trading ideas note on Wednesday (July 27), the research house said should immediate resistance level of 13.5 sen be broken with renewed buying interest, it may continue to lift the price higher to the subsequent resistance level of 15.0 sen.

“However, failure to hold on to the support level of 11 sen may indicate weakness in the share price and, hence, a cut-loss signal,” it said.