Bermaz Auto poised for a technical breakout, says RHB Retail Research

Bermaz Auto poised for a technical breakout, says RHB Retail Research

The Edge Markets - Malaysia·2022-07-28 15:04

KUALA LUMPUR (July 28): RHB Retail Research said Bermaz Auto is poised for a technical breakout as it bounced off strongly towards the immediate resistance of RM1.81 yesterday – coupled with strong trading volume.

In a trading stocks note today, the research house said if a breakout happens, the bullish bias above that level may propel the stock towards the RM1.90 mark, and then the RM2.00 threshold.

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