Poh Kong poised to scale higher, says RHB Retail Research

TheEdge Thu, Apr 14, 2022 07:15am - 2 months View Original


KUALA LUMPUR (April 14): RHB Retail Research said Poh Kong Holdings Bhd is poised to scale higher as it attempted to break above the 92 sen resistance level yesterday, before undergoing a retracement in the intraday.

In a trading stocks note today, the research house said if the stock manages to breach above that level, the bulls may boost the stock further towards its recent high of 99 sen, followed by RM1.05.

“Conversely, a drop below the 87 sen support will trigger selling pressure, negating the recent breakout level,” it said.

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