Thursday 28 Mar 2024
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KUALA LUMPUR (Nov 15): RHB Retail Research said RCE Capital Bhd may move higher after it continued holding above the RM1.62 support.

In a trading stocks note today, the research house said given that it has formed a long white candle above the rising 21-day SMA line, this means that the bullish sentiment has been enhanced.

“A positive bias may emerge above the RM1.69 level, with an exit set below the RM1.62 threshold.

“Towards the upside, the immediate resistance is at the RM1.90 mark. This is followed by the RM2.00 level,” it said.

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