Friday 29 Mar 2024
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KUALA LUMPUR (Jan 6): RHB Retail Research said Mestron Holdings Bhd is poised to resume its uptrend as it hit the immediate resistance of 35 sen on strong volume on Wednesday (Jan 5) — following several attempts which tested that level recently.

In a trading stocks note on Thursday, the research housed said if buying pressure emerges above that level, the stock may travel towards the next resistance of 37.5 sen, followed by 38.5 sen.

“However, the momentum may wane if it falls below the 33.5 sen support,” it said.

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