Thursday 28 Mar 2024
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KUALA LUMPUR (May 6): RHB Retail Research said Datasonic Group Bhd is poised to scale higher as it tested the immediate resistance.

In a trading stocks note on Friday (May 6), the research house said that the stock had been moving upwards on “higher high” and “higher low” patterns amid high volume.

“Breaching above the 58 sen resistance level would extend the uptrend to hit 61.5 sen, followed by 65 sen.

“If it undergoes a correction below the support level of 54.5 sen, this will negate the expectation,” it said.

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