KUALA LUMPUR (July 6): RHB Retail Research said PWF Consolidated Bhd may climb higher after posting a long white candle and hitting its highest close in more than two weeks.
In a trading stocks note today, the research house said with the 21-day SMA line edging upwards, this points to a positive sign.
“A bullish bias may emerge above the RM1.09 level, with an exit set below the 99.5 sen threshold.
“To the upside, the immediate resistance level is anticipated at the RM1.20 level. This is followed by the RM1.30 level,” it said.