RHB Retail Research
Trading Stocks - Rimbunan Sawit
Rimbunan Sawit is attempting to stage a breakout from the consolidation zone. It bounced off the support to retest the resistance on improved volume yesterday. A positive bias may emerge if it breaks above the immediate resistance of MYR0.28. Then, the stock may test the next resistance level of MYR0.30, followed by MYR0.32. Meanwhile, falling below the MYR0.27 support level may reverse this direction.
Source: RHB Securities Research - 7 May 2021
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