KUALA LUMPUR (Feb 24): RHB Retail Research said Ahmad Zaki Resources Bhd may climb higher after posting a long white candle and hitting its highest close in more than eight months. In a trading stocks note today, the research house said this can be viewed as a continuation of the bulls extending the rebound from Jan 23’s “Bullish Engulfing” pattern. “A bullish bias may emerge at above the 67 sen level, with an exit set below the 62 sen threshold. “Towards the upside, the immediate resistance level is seen at 73 sen. This is followed by the 77.5 sen level,” it said.

Source: The Edge Markets February 24, 2017 00:53 UTC