RHB Retail Research Predicts a Comeback for Hiap Teck Venture

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Hiap Teck Venture Bhd is ready for a comeback, according to RHB Retail Research, after breaching the 57.5 sen immediate resistance level on high volume yesterday.

The research house stated in a trade stocks note today that a bullish tilt above that level is projected to take the stock to the 63 sen recent high, followed by MYR0.705 – the 52-week high.

“However, this expectation will be cancelled if it goes below the 54.5 sen support level,” it added.

Published by Zack Baharum

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