Rimbunan Sawit may resume its upward move, says RHB Retail Research

Rimbunan Sawit may resume its upward move, says RHB Retail Research
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KUALA LUMPUR (July 27): RHB Retail Research said Rimbunan Sawit Bhd may resume its upward move – as it has likely found a support at 30.5 sen.

In a trading stocks note today, the research house said a positive bias may emerge above this level, with the following resistance points set at 33.5 sen, followed by 34.5 sen.

“A stop-loss can be set below 30.5 sen,” it said.