Theta Edge poised for breakout, says RHB Retail Research

Theta Edge poised for breakout, says RHB Retail Research
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KUALA LUMPUR (Dec 30): RHB Retail Research said Theta Edge is poised for a breakout after rebounding, as it attempted to hit the immediate resistance of 87 sen on strong volume on Wednesday (Dec 29) — printing a “White Marubozu” candlestick.

In a trading stocks note on Thursday, the research house said if that level is breached, the follow-through bullish momentum should drive the stock towards the resistance of RM1.00, then RM1.11.

“However, falling below the 76.5 sen support may see the stock descending further below the average line,” it said.