Mynews may rebound higher, says RHB Retail Research

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KUALA LUMPUR (April 2): RHB Retail Research said Mynews Holdings Bhd may rebound higher after it continued holding above the 57.5 sen support.

In a trading stocks note today, the research house said given that it has formed a positive candle for the second consecutive day, the positive sentiment has been enhanced.

“An upbeat bias may emerge above the 65 sen level, with an exit set below the 57.5 sen mark.

“Towards the upside, the immediate resistance is at the 80 sen level, followed by the 88 sen threshold,” it said.

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