KUALA LUMPUR (March 29): RHB Retail Research said SYF Resources Bhd  attempted to break above the resistance level, after consolidating and forming a double bottom in the wake of the recent pullback.

In a trading stocks note today, the research house said a bullish bias would be established if the stock manages to break above the 42 sen resistance level.

“The next resistance levels are marked at 48.5 sen, followed by the multi-month high of 50.5 sen.

“A downside breach of 38.5 sen would negate this trading set-up,” it said.