KUALA LUMPUR: SP Setia Bhd is hoping for a strong comeback after yesterday's sharply higher trading volume saw it bounce off the immediate support and test the immediate resistance of 91 sen, according to RHB Retail Research.
The research house said in a note today that if a breakthrough occurs above that level, the bullish momentum could push the stock above the resistance level of 97.5 sen and then RM1.06.
"On the other hand, falling below the 84 sen support would negate the bullish structure," it said