Share
- In a note on Wednesday, the research house said that as it is riding above the 21-day simple moving average (SMA) line, expect the stock to trend higher towards the 5-year high of 41 sen, followed by the 52.5 sen next resistance level.
KUALA LUMPUR (May 15): RHB Retail Research said Avaland Bhd (KL: AVALAND) is set to propel upwards further after undergoing a technical breakout above the 36.5 sen resistance level yesterday, on a surge in trading volume.
In a note on Wednesday, the research house said that as it is riding above the 21-day simple moving average (SMA) line, expect the stock to trend higher towards the 5-year high of 41 sen, followed by the 52.5 sen next resistance level.
“On the flip side, falling below the 33 sen support would negate the bullish setup, as it would then be trading below the SMA line,” it said.
Looking to buy a home? Sign up for EdgeProp START and get exclusive rewards and vouchers for ANY home purchase in Malaysia (primary or subsale)!
TOP PICKS BY EDGEPROP
Bayu Damansara PJU 10
Damansara Damai, Selangor
Jalan Setia Perdana U13/30A
Setia Alam/Alam Nusantara, Selangor
Taman Wawasan, Pusat Bandar Puchong
Puchong, Selangor
Horizon Hills The Green
Iskandar Puteri, Johor
Taman Taming Indah 2
Bandar Sungai Long, Selangor
Medan Idaman Business Centre
Setapak, Kuala Lumpur
Taman Perindustrian I-park Bandar Indahpura
Kulai, Johor
Horizon Hills The Green
Iskandar Puteri, Johor
