KUALA LUMPUR (Nov 11): RHB Retail Research said YBS International Bhd is likely to resume its recent uptrend reversal after it bounced off the previous breakout-turned-support of 67 sen on Thursday (Nov 10), forming a “higher low” and “higher high” bullish pattern above the 21-day average line.

In a trading stocks note on Friday, the research house said that it expects bullish interest above that level to persist, as the stock heads towards 73.5 sen or Sept 29’s high, followed by the historical high of 78 sen (also the peak of Sept 23).

“Conversely, the bullish momentum may be reversed if it drops below the 63 sen support, forming a 'lower low' bearish structure below the average line,” it said.