KUALA LUMPUR (April 25): RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.

In a trading stocks note on Thursday, the research house said that coupled with strong trading volume, it expects the stock to trend higher towards the RM1.10 recent high, followed by the RM1.20 next resistance.

“On the flip side, falling below the 87.5 sen support negates the bullish setup,” it said.