AppAsia may rebound higher, says RHB Retail Research

TheEdge Thu, Apr 09, 2020 08:27am - 3 years View Original


KUALA LUMPUR (April 9): RHB Retail Research said AppAsia Bhd may rebound higher after it continued holding above the 11.5 sen support.

In a trading stocks note today, the research house said as the stock recently rose above the 21-day SMA line, this indicates a positive sign.

“An upbeat bias may emerge above the 13 sen level, with an exit set below the 11.5 sen mark.

“Towards the upside, the immediate resistance is at the 17 sen level, followed by the 18.5 sen threshold,” it said.

 

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