KUALA LUMPUR (June 21): RHB Retail Research said Kumpulan Jetson Bhd is staging an upward rebound from the recent pullback as it rebounded strongly from the 21-day average line, breaching the 27.5 sen resistance on Monday — following the formation of a “White Marubozu” bullish candlestick last Friday.

In a trading stocks note on Tuesday (June 21), the research house said that coupled with above the 30-day average trading volume, the stock is expected to climb further towards the 30 sen mark, followed by 32 sen — June 8’s high.

“If it falls below the support level of 24.5 sen, the stock may trend downwards, forming a 'lower low' bearish pattern,” it said.