KUALA LUMPUR (April 7): PublicInvest Research said Mobilia Holdings Bhd is potentially staging a breakout from its sideways channel, with anticipation of continuous improvement in both momentum and trend in the near term.

In a trading ideas note on Thursday (April 7), the research house said that should the immediate resistance level of 21.5 sen be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of 23 sen.

“However, failure to hold on to support level of 19.5 sen may indicate weakness in the share price and hence, a cut-loss signal,” it said.