KUALA LUMPUR (March 27): RHB Retail Research said Sarawak Oil Palms Bhd may rebound further after it tested RM1.90 support lately.
In a trading stocks note today, the research house said yesterday’s candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment.
“An upbeat bias may emerge above the RM2.20 level, with an exit set below the RM1.90 mark.
“Towards the upside, the immediate resistance is at the RM2.70 level, followed by the RM3.10 threshold,” it said.
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