Homeritz active, rises 4.48% following positive outlook on stock

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KUALA LUMPUR (July 10): Shares in Homeritz Corp Bhd rose 4.48% in active trade this morning following a positive technical outlook on the stock.

At 9.12am, Homeritz rose 3 sen to 70 sen with 1.37 million shares traded for a market capitalisation of RM210.00 million.

RHB Retail Research said Homeritz Corp Bhd may rebound higher after it continued holding above the 60 sen support.

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 65.5 sen level, with an exit set below the 60 sen threshold.

“Towards the upside, the near-term resistance is at 70 sen. This is followed by the 73.5 sen level,” it said.