KUALA LUMPUR (Nov 4): RHB Retail Research said AwanBiru Technology Bhd is poised to resume its uptrend as it bounced off the 21-day average line while attempting to surpass the 50 sen level on Thursday (Nov 3).

In a trading stocks note on Friday, the research house said that if a breakout happens above that level, the stock may propel higher towards the recent high of 53.5 sen, or Oct 25’s high, followed by the 60 sen threshold.

“If it falls below the 45 sen support, the bullish momentum would be reversed, as it forms a 'lower low' bearish pattern beneath the average line,” it said.