Comfort Gloves may rebound further, says RHB Retail Research

TheEdge Mon, Jun 24, 2019 08:32am - 4 years View Original


KUALA LUMPUR (June 24): RHB Retail Research said Comfort Gloves Bhd may rebound further after it tested 78.5 sen support recently.

In a trading stocks note today, the research house said the stock formed a white candle and left an upside gap, this indicates a positive sign.

“A bullish bias may appear above the 80 sen level, with an exit set below the 78.5 sen threshold.

“Towards the upside, the near-term resistance is at 84 sen. This is followed by the 87 sen level,” it said.

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