Crescendo poised to extend upside movement, says RHB Retail Research

• The research house said that the counter broke past the RM2.95 resistance to form a fresh “higher high” bullish candlestick.

KUALA LUMPUR (April 1): RHB Retail Research Crescendo Corp Bhd is poised to extend the upside movement after staging a bullish breakout.

In a trading stocks note on Monday, the research house said that the counter broke past the RM2.95 resistance to form a fresh “higher high” bullish candlestick.

“Coupled with the gap up, this shows strong bullish momentum is underway.

“The momentum should lift the counter towards the next resistance pegged at RM3.20, followed by RM3.50.

“Conversely, falling below the RM2.75 support would invalidate the bullish setup,” it said.

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