KUALA LUMPUR (July 19): RHB Retail Research said Pappajack Bhd is eyeing a rebound above the 49 sen resistance as it closed at that level, bouncing off the 21-day average line.

In a trading stocks note on Tuesday (July 19), the research house said if the stock breaches above that level, the stock may climb further towards the next resistance of 52 sen — which was the high of July 4 — before heading towards 54.5 sen, or the high of April 28.

“If it falls below the support level of 47 sen, the stock may trend downwards, below the average line,” it said.