Revenue Group may rebound further, says RHB Retail Research

TheEdge Wed, Nov 06, 2019 08:30am - 4 years View Original


KUALA LUMPUR (Nov 6): RHB Retail Research said Revenue Group Bhd may rebound further after it tested RM1.66 support in recent sessions.

In a trading stocks note today, the research house said given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced.

“A positive bias may emerge above the RM1.72 level, with an exit set below the RM1.66 threshold.

“Towards the upside, the immediate resistance is at the RM1.81 level, followed by the RM1.90 threshold,” it said.

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