Tune Protect may move higher, says RHB Retail Research

TheEdge Tue, Mar 12, 2019 08:32am - 5 years View Original


KUALA LUMPUR (March 12): RHB Retail Research said Tune Protect Group Bhd may move higher after it continued holding above the 63 sen support.

In a trading stocks note today, the research house said given that it formed a white candle for the second consecutive day, the positive sentiment has been enhanced.

“A bullish bias may appear above the 67 sen level, with an exit set below the 63 sen threshold.

“Towards the upside, the near-term resistance is at 73.5 sen. This is followed by the 80 sen level,” it said.

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