KUALA LUMPUR (June 26): RHB Retail Research said Wegmans Holdings Bhd may move higher after it continued holding above the 30 sen support.

In a trading stocks note today, the research house said as the stock recently rose above the 21-day SMA line, this points to a positive sign.

“A bullish bias may appear above the 32 sen level, with an exit set below the 30 sen threshold.

“Towards the upside, the near-term resistance is at 34.5 sen. This is followed by the 36 sen level,” it said.