Ho Hup Construction may rebound further, says RHB Retail Research

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KUALA LUMPUR (July 12): RHB Retail Research said Ho Hup Construction Company Bhd may rebound further after it tested 51.5 sen support recently.

In a trading stocks note today, the research house said as the stock rose above the 21-day SMA line, this indicates a positive sign.

“A bullish bias may appear above the 55 sen level, with an exit set below the 51.5 sen threshold.

“Towards the upside, the nearterm resistance is at 62 sen. This is followed by the 67 sen level,” it said.