ASTINO (7162) ASTINO BHD prepared for an uptrend reversal, says RHB Retail Research
KUALA LUMPUR (Oct 27): RHB Retail Research said Astino Bhd is prepared for an uptrend reversal after it bounced off its support point and touched the immediate resistance of 72 sen on improved trading volume yesterday – printing a “higher low” bullish pattern with “White Marubozu” candlestick.
In a trading stocks note today, the research house said if a breakout is sustained above this level, the buying interest may follow through towards the 77.5 sen resistance level, before driving it towards 87 sen level or June’s high.
“If it falls below the 68 sen support level, the momentum may dissipate,”it said.
http://www.theedgemarkets.com/article/astino-prepared-uptrend-reversal-says-rhb-retail-research
