InNature’s bullish momentum gaining traction, says RHB Retail Research

KUALA LUMPUR (Oct 26): RHB Retail Research said InNature Bhd’s bullish momentum is gaining traction after it broke past the 56.5 sen resistance.

In a trading stocks note on Wednesday (Oct 26), the research house said that the stock has climbed above the 21-day simple moving average line, indicating that the correction has ended and it is poised to resume the upside movement.

“Should the bullish momentum sustain, the stock will climb towards 60 sen, followed by 62 sen.

“On the flip side, falling below the 53.5 sen support will negate the bullish expectation,” it said.