KUALA LUMPUR (June 27): RHB Retail Research said Greatech Technology Bhd is set for a counter-trend rebound as it staged a technical breakout above the RM3.70 spot last Friday, surpassing the 21-day average line.

In a trading stocks note on Monday (June 27), the research house said if the stock manages to stay above that level, the stock may climb further towards the RM3.87 resistance, followed by RM3.97 or June 3’s high.

“If it falls below the support level of RM3.51, the stock may trend downwards below the average line,” it said.