Naim developing sideways trading pattern, says RHB Retail Research

Naim developing sideways trading pattern, says RHB Retail Research
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KUALA LUMPUR (Nov 26): RHB Retail Research said Naim Holdings Bhd is developing a sideways trading pattern or, in a more bullish case, a bottom-building process above the 77 sen support.

In a trading stocks note today, the research house said a positive bias may emerge above this point, with resistance levels at 83 sen and 84.5 sen.

“This forecast would be negated, should the 77 sen support be breached,” it said.