Tomypak may rise higher, says RHB Retail Research

TheEdge Tue, Jan 08, 2019 08:32am - 5 years View Original


KUALA LUMPUR (Jan 8):  RHB Retail Research said Tomypak Holdings Bhd may rise higher after it breached above the 60 sen threshold.

In a trading stocks note today, the research house said yesterday’s candle can be viewed as a continuation of the bulls extending the rebound from Dec 20’s “Hammer” pattern.

“A bullish bias may emerge above the 60 sen level, with an exit set below the 52.5 sen threshold.

“Towards the upside, the immediate resistance is at 65.5 sen. This is followed by the 70 sen level,” it said.

 

The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.






Related Stocks

TOMYPAK 0.395

Comments

Login to comment.