Success Transformer set to resume its uptrend, says RHB Retail Research

Success Transformer set to resume its uptrend, says RHB Retail Research
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KUALA LUMPUR (Sept 27): RHB Retail Research said Success Transformer Corporation is set to resume its uptrend as it managed to stay above the recent breakout level of 91 sen.

In a trading stocks note today, the research house said the buying momentum is expected to lift the stock above that level towards the next resistance point of 99 sen, followed by the RM1.08 threshold.

“However, this expectation will be cancelled if it falls below the support of 88 sen,” it said.