HIL Industries may climb higher, says RHB Retail Research

-A +A

KUALA LUMPUR (April 20): RHB Retail Research said HIL Industries Bhd may climb higher after forming a long white candle and hitting its new 52-week high.

In a trading stocks note today, the research house said the upward momentum may persist after it breached above the downtrend line drawn in the chart.

“A bullish bias may appear above the RM1.00 level, with an exit set below the 88 sen threshold.

“Towards the upside, the immediate resistance level is seen at RM1.33. This is followed by the RM1.50 level,” it said.