Techbond Group may climb higher, says RHB Retail Research

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KUALA LUMPUR (Dec 12): RHB Retail Research said Techbond Group Bhd may climb higher after posting a white candle and hitting its highest close in nearly 10 months.

In a trading stocks note today, the research house said as the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced.

“A positive bias may emerge above the 92 sen level, with an exit set below the 89.5 sen threshold.

“Towards the upside, the immediate resistance is at RM1.00. This is followed by the RM1.10 level,” it said.