Nevertheless, this most recent rebound and challenge to the trendline is supported by rising momentum indicators, which suggests that a reversal may be in the offing.

In Monday trading, the share price hit an intra-day high of 77 sen, which rested on the falling trendline. While the stock failed to breach the resistance, there is a growing likelihood that the hurdle will again be tested on rising momentum.

The slow-stochastic momentum index has risen bullishly towards 49 points while the 14-day relative strength index has also grown in strength to 40 points.

The daily moving average convergence/divergence line has tentatively crossed the signal line, although a further advance will confirm the \"buy\" signal and resumption of an uptrend.

Barring a change in investor sentiment, a rally can be expected over the short-term, taking the stock to the 50-day simple moving average (SMA) at 81.5 sen.

While a positive crossing of this obstacle would signify a return of investor sentiment, it remains to be seen if the buying interest can be sustained over the period to trigger a crossing.

Further resistance can be seen at 88 sen, which rests just under the 100-day SMA.

Should the current recovery attempt fail, however, the share price is at risk of returning to the recent low of 71 sen. In continuing the downtrend, the stock would move along the descending trendline towards 66 sen.

The comments above do not represent a recommendation to buy or sell.