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Serba Dinamik may rise higher, says RHB Retail Research

KUALA LUMPUR (Oct 26): RHB Retail Research said Serba Dinamik Holdings Bhd may rise higher after recording a higher close vis-a-vis the previous session.

In a trading stocks note today, the research house said the upward move may persist after the stock climbed above the 55-day SMA line.

“A bullish bias may emerge above the RM3.90 level, with an exit set below the RM3.70 threshold.

“Towards the upside, the immediate resistance is at RM4.28. This is followed by the RM4.50 level,” it said.