KUALA LUMPUR (Nov 4): RHB Retail Research said Naim Holdings Bhd is likely extending its multi-week uptrend, which stretched from the low in September, following the possible completion of its consolidation phase in the latest session.

In a trading stocks note today, the research house said a positive bias may appear above 86.5 sen, with resistance levels marked at 92 sen and RM1.00.

“A downside breach of 86.5 sen would cancel this positive thesis,” it said.