Success Transformer may climb higher, says RHB Retail Research

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KUALA LUMPUR (Sept 12): RHB Retail Research said Success Transformer Corp Bhd may climb higher after it breached above the 94 sen threshold.

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

“A positive bias may emerge above the 94 sen level, with an exit set below the 81 sen threshold.

“Towards the upside, the immediate resistance is at the RM1.03 level. This is followed by the RM1.12 mark,” it said.