PMB Technology may trend higher, says RHB Retail Research

PMB Technology may trend higher, says RHB Retail Research
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KUALA LUMPUR (Nov 13): RHB Retail Research said PMB Technology Bhd may trend higher after it formed a long white candle and breached above the RM3.50 threshold.

In a trading stocks note today, the research house said this close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment.

“A bullish bias may emerge above the RM3.50 level, with an exit set below the RM3.20 level.

“Towards the upside, the immediate resistance is at RM4.00. This is followed by the RM4.50 level,” it said.