Naim’s 2-week retracement has likely reached an interim low, says RHB Retail Research

TheEdge Mon, Aug 03, 2020 07:51am - 3 years View Original


KUALA LUMPUR (Aug 3): RHB Retail Research said Naim Holdings Bhd’s 2-week retracement has likely reached an interim low of 80.5 sen, and a rebound will likely take place.

In a trading stocks note today, the research house said a positive bias may emerge above 84 sen, with resistance points at 91.5 sen, followed by 96 sen.

“A stop-loss can be set below 84 sen,” it said.

 

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