CEO Morning Brief

Subur Tiasa Poised to Resume Uptrend, Says RHB Retail Research

Publish date: Tue, 26 Apr 2022, 12:00 AM
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TheEdge CEO Morning Brief

KUALA LUMPUR (April 26): RHB Retail Research said Subur Tiasa Holdings Bhd is poised to resume its uptrend as it attempted to surpass the RM2.42 immediate resistance on Monday (April 25) on stronger trading volume.

In a trading stocks note on Tuesday, the research house said that the strong rebound, which started since April 4, is expected to persist if the stock manages to move past that level.

“If that happens, buying interest above that point should propel the stock towards the next resistance at RM2.60, and then RM2.70.

“If it falls below the support level of RM2.11, the bullish momentum is likely to lose steam, causing the stock to fall further below the 21-day average line,” it said.

Source: TheEdge - 26 Apr 2022

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