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HPMT may move higher, says RHB Retail Research

TheEdge Mon, Oct 21, 2019 08:33am - 1 year ago

KUALA LUMPUR (Oct 21): RHB Retail Research said HPMT Holdings Bhd may move higher after it continued to hold above the 34.5 sen support mark.

In a trading stocks note today, the research house said given that it has formed a long white candle above the 21-day SMA line, the bullish sentiment has been enhanced.

“A positive bias may emerge above the 37.5 sen level, with an exit set below the 34.5 sen threshold.

“Towards the upside, the immediate resistance is at the 42 sen mark. This is followed by the 45 sen threshold,” it said.

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