Comfort Gloves may continue to trend higher, says RHB Retail Research

Comfort Gloves may continue to trend higher, says RHB Retail Research
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KUALA LUMPUR (April 27): RHB Retail Research said Comfort Gloves Bhd may continue to trend higher after it rose above its immediate resistance yesterday.

In a trading stocks note today, the research house said premised on rising volume, coupled with the “higher high” pattern yesterday, this implies a positive outlook sentiment.

“The positive momentum above the resistance-turned-support level of RM2.88 is expected to lift the stock towards the next resistance level of RM3.15, followed by RM3.30.

“However, this expectation would fade away if it drops below the RM2.74 support level,” it said.