KUALA LUMPUR (June 14): RHB Retail Research said Tomei Consolidated Bhd is poised to stage a counter-trend rebound as it bounced off the support while attempting to move past the 99.5 sen resistance on Monday.

In a trading stocks note on Tuesday (June 14), the research house said if buying interest persists while the stock is moving towards the immediate resistance, it may reclaim the area above the 21-day average line, to head upwards towards the resistance points of RM1.05, followed by RM1.11.

“However, the stock may reverse direction if it falls below the 95 sen support level — forming a 'lower low' bearish pattern,” it said.