• In a trading stocks note on Friday, the research house said the counter is seen moving sideways below the 64 sen resistance.

KUALA LUMPUR (July 26): RHB Retail Research said Eversendai Corp Bhd (KL:SENDAI) is attempting to resume the upside movement, testing the immediate resistance.

In a trading stocks note on Friday, the research house said the counter is seen moving sideways below the 64 sen resistance.

“We observed that trading volume has been increasing in tandem with the share price, showing a bullish momentum is underway.

“If it climbs above the immediate resistance, a bullish bias will emerge. In this case, the stock may travel towards the 70 sen next resistance, followed by the 77 sen mark.

“Conversely, a breach below the 57 sen support opens the door for downward movements,” the house 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)!

SHARE
SPONSORED CONTENT
ECERDC championing East Coast transformation—from exotic charms to economic pivots

Under a collective banner branded as the East Coast Economic Region (ECER), the states of Kelantan, Terengganu, Pahang, and Mersing and Segamat in Johor are becoming a driving force in strengthening the country’s industrial base to attract high-value investments.

read more
RELATED POSTS
  1. Loke: Rapid to get electric buses, more on-demand vans for Penang
  2. Sunway to acquire IJM Corp in RM11 bil cash-and-share deal
  3. Telekom Malaysia secures power supply for data centre in Johor