KUALA LUMPUR (Nov 15): RHB Retail Research said AYS Ventures Bhd’s buying momentum may have returned after it rose above the 21-day SMA line.

In a trading stocks note today, the research house said the upward momentum would likely continue, given that it has breached above the downtrend line drawn in the chart.

“A bullish bias may appear above the 52 sen level, with an exit set below the 48 sen threshold.

“Towards the upside, the immediate resistance level is at 60.5 sen. This is followed by the 66.5 sen level,” it said.