KUALA LUMPUR (July 10): RHB Retail Research said Kronologi Asia Bhd may rebound further after it tested the 59.5 sen support in recent sessions.

In a trading stocks note today, the research house said as the 21-day SMA line has crossed above the 55-day SMA line lately, this is an indication of a positive sign.

“A bullish bias may appear above the 59.5 sen level, with an exit set below the 59.5 sen threshold.

“Towards the upside, the near-term resistance is at 64.5 sen. This is followed by the 68.5 sen level,” it said.