KUALA LUMPUR (Nov 27): RHB Retail Research said Uchi Technologies Bhd’s latest two sessions – where it charted a positive performance on strong volume – may indicate that the lengthy accumulation phase has ended.

In a trading stocks note today, the research house said the stock could now be ready to extend its rebound, or resume its uptrend.

“A positive bias may appear above RM2.65, with resistance points set at RM2.74 and RM2.80.

“A downside breach of RM2.65 would nullify this expectation,” it said.