KUALA LUMPUR (June 10): PublicInvest Research said RGT Bhd is potentially staging a breakout from sideways channel.

In a trading ideas note on Friday (June 10), the research house said should immediate resistance level of 43 sen be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of 46 sen.

“However, failure to hold on to support level of 39 sen may indicate weakness in the share price and hence, a cut-loss signal,” it said.