Fitters Diversified firming up uptrend reversal, says RHB Retail Research

Fitters Diversified firming up uptrend reversal, says RHB Retail Research
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KUALA LUMPUR (Sept 24): RHB Retail Research said Fitters Diversified Bhd is firming up its uptrend reversal after it surpassed the consolidation phase of 40 sen on surging volume, thereby printing a “higher high” bullish structure.

In a trading stocks note today, the research house said if the breakout is sustained, the bullish momentum may drive it towards the 44 sen – its 52-week high, before hitting the multi-month high of 51.5 sen.

“Meanwhile, the stock may move southwards if it falls below the 35.5 sen support,” it said.