KUALA LUMPUR (Aug 7): RHB Retail Research said Revenue Group Bhd may rebound further after it tested the RM1.46 support in its latest session.

In a trading stocks note today, the research house said in view of the positive slope of the 55-day SMA line, this also implies a positive outlook.

“A bullish bias may emerge above the RM1.46 level, with an exit set below the RM1.46 threshold.

“Towards the upside, the immediate resistance is at RM1.63. This is followed by the RM1.71 level,” it said.