Astro showing signs of extending rebound, says RHB Retail Research

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KUALA LUMPUR (Sept 18): RHB Retail Research said Astro Malaysia Holdings Bhd is showing signs of extending its rebound after hitting a low of RM1.28 in end-August.

In a trading stocks note today, the research house said Astro is currently testing the 30-day SMA line.

“A positive bias may emerge above RM1.32 support level with a stop-loss below the same level.

“Towards the upside, resistance points are expected to emerge at RM1.45, followed by RM1.60,” it said.