Friday 26 Apr 2024
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KUALA LUMPUR (Oct 3): RHB Retail Research said Samaiden Group Bhd is eyeing to propel higher as it recently retested the 76 sen immediate resistance above the 21-day average line, firming up the “higher low” bullish pattern.

In a trading stocks note on Monday (Oct 3), the research house said if the breakout happens — forming a fresh “higher high” bullish structure — the bulls may likely follow through to drive the stock higher towards the next resistance point of 81.5 sen (the high of Feb 15), then the 90 sen threshold.

“However, the counter may reverse direction if it falls below the 71.5 sen support — moving downwards below the average line,” it said.

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