KUALA LUMPUR (Jan 23): RHB Retail Research said Revenue Group Bhd may rebound further after it tested the RM1.33 support in recent sessions.

In a trading stocks note today, the research house said as the stock rose above the 21-day SMA line, this indicates a positive sign.

“A positive bias may emerge above the RM1.38 level, with an exit set below the RM1.33 mark.

“Towards the upside, the immediate resistance is at the RM1.53 level, followed by the RM1.60 threshold,” it said.