KUALA LUMPUR (April 9): RHB Retail Research said Farm Fresh Bhd is set to resume its uptrend after surpassing the immediate resistance of RM1.45 recently, with strong trading volume.

In a trading stocks note on Tuesday, the research house said that coupled with trading above the rising 21-day simple moving average (SMA) line, the stock would trend higher towards the RM1.58 resistance, followed by the next resistance at RM1.65.

“However, a fall below RM1.40 invalidates the bullish bias, trading below the SMA line,” the house said.