MKH may rise higher, RHB Retail Research

TheEdge Fri, Mar 08, 2019 08:27am - 5 years View Original


KUALA LUMPUR (March 8): RHB Retail Research said MKH Bhd may rise higher after it breached above the RM1.30 threshold.

In a trading stocks note today, the research house said in view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook sentiment.

“A bullish bias may emerge above the RM1.30 level, with an exit set below the RM1.20 threshold.

“Towards the upside, the immediate resistance is at RM1.40. This is followed by the RM1.48 level,” it said.

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