KUALA LUMPUR (July 24): RHB Retail Research said JHM Consolidation Bhd may rebound higher after it continued holding above the RM1.21 support.

In a trading stocks note today, the research house said the stock recently rose above the 21-day SMA line, which points to a positive sign.

“A bullish bias may appear above the RM1.25 level, with an exit set below the RM1.21 threshold.

“Towards the upside, the near-term resistance is at RM1.37. This is followed by the RM1.45 level,” it said.