OBHB Holdings – Possible For Sideways Breakout
OBHB appears poised to break away from its sideways channel, with continued improvement in both momentum and trend anticipated in the near term.
Should immediate resistance level of RM0.210 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.225.
However, failure to hold on to support level of RM0.185 may indicate weakness in the share price and hence, a cut-loss signal, says Public Investment Bank.
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