KUALA LUMPUR (June 23): RHB Retail Research said Rohas Tecnic Bhd is staging a rebound as it bounced off strongly from the 21-day average line for two consecutive sessions, when it pushed past the 30 sen threshold on Wednesday.

In a trading stocks note on Thursday (June 23), the research house said if the stock remains above that level, the stock may climb further towards the resistance point of 34.5 sen (June 7’s high), followed by Oct 28, 2021’s high of 37.5 sen.

“If it falls below the support level of 27 sen, the stock may trend downwards, forming a 'lower low' bearish pattern below the average line,” it said.