MK Land may be in process of extending upward move, says RHB Retail Research

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KUALA LUMPUR (Sept 22): RHB Retail Research said MK Land Holdings Bhd may be in the process of extending its upward move following the completion of a six-week consolidation phase.

In a trading stocks note today, the research house said a positive bias may appear above 16 sen with resistance points expected at 17 sen and 19 sen.

“This positive expectation would stay provided the 15.5 sen support level is not breached,” it said.