KUALA LUMPUR (Apr 17): RHB Retail Research said Ranhill Holdings Bhd may move higher after it continued holding above the 65 sen support.
In a trading stocks note today, the research house said as the stock rose above the 21-day SMA line, this indicates a positive sign.
“A bullish bias may appear above the 68.5 sen level, with an exit set below the 65 sen threshold.
“Towards the upside, the near-term resistance level is at 73 sen. This is followed by the 76 sen level,” it said.