KUALA LUMPUR (Feb 24): RHB Retail Research said Leader Steel Holdings Bhd’s buying momentum may persist after it continued holding above the 21-day SMA line. In a trading stocks note today, the research house said the recent upside move can be viewed as a continuation of the bulls extending the rebound from Nov 30, 2016’s “Hammer” pattern. “A bullish bias may appear above the 47 sen level, with an exit set below the 39 sen threshold. “To the upside, the immediate resistance level is anticipated at 57 sen. This is followed by the 60 sen level,” it said.

Source: The Edge Markets February 24, 2017 00:54 UTC