KUALA LUMPUR (Oct 16): RHB Retail Research said Nova Wellness Group Bhd may trend higher after it formed a third consecutive white candle.
In a trading stocks note today, the research house said yesterday’s candle has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment.
“A bullish bias may emerge above the 64 sen level, with an exit set below the 58 sen threshold.
“Towards the upside, the immediate resistance is at 70 sen. This is followed by the 75 sen level,” it said.