Brem may trend higher, says RHB Retail Research

TheEdge Wed, Nov 22, 2017 08:38am - 6 years View Original


KUALA LUMPUR (Nov 22): RHB Retail Research said Brem Holding Bhd may trend higher after posting a long white candle and leaving an upside gap.

In a trading stocks note today, it said yesterday’s candle has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment.

“A bullish bias may emerge above the RM1.08 level, with an exit set below the RM1.02 threshold.

“Towards the upside, the immediate resistance level is at RM1.20. This is followed by the RM1.35 level,” it said.

 

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