Sarawak Plantation testing resistance level at RM1.95, says RHB Retail Research
KUALA LUMPUR (Oct 13): RHB Retail Research said Sarawak Plantation Bhd climbed higher to test the resistance level at RM1.95.
In a trading stocks note today, the research house said that trading volume has been rising since Sept 30, indicating increased demand for the underlying shares.
“If it trades above the resistance of RM1.95, the next possible level will be RM2.05, followed by RM2.15.
“Meanwhile, a downside breach of the RM1.86 support should cancel this expectation,” it said.
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