Hume Industries may rise higher, says RHB Retail Research

TheEdge Fri, May 17, 2019 08:30am - 4 years View Original


KUALA LUMPUR (May 17): RHB Retail Research said Hume Industries Bhd may rise higher after it breached above the 80 sen threshold.

In its trading stocks note today, the research house said this close has sent the stock to its highest close in more than two months, thereby enhancing the positive sentiment.

“A bullish bias may emerge above the 79 sen level, with an exit set below the 69.5 sen threshold.

“Towards the upside, the immediate resistance is at 90 sen. This is followed by the 93.5 sen level,” it said.

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