Nova attempting to move above resistance at 97 sen, says RHB Retail Research

Nova attempting to move above resistance at 97 sen, says RHB Retail Research
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KUALA LUMPUR (Oct 13): RHB Retail Research said Nova Wellness Group Bhd is attempting to move above the resistance level of 97 sen.

In a trading stocks note today, the research house said the increase in trading volume during the latest session points to a spike in buying interest.

“If it trades above 97 sen, expect the bullish momentum to reach the next resistance of RM1.04, followed by RM1.11.

“A downside breach of the 90 sen support level would nullify this expectation,” it said.