KUALA LUMPUR: Techbond Group Bhd, which has been on an uptrend, continued to attract investors’ interest in early trade Monday.
The manufacturer and supplier of industrial adhesives climbed 0.89%, or 0.5 sen to 56.5 sen with 1.78 million shares traded. Techbond-WA gained 0.5 sen to 30.5 sen.
RHB Research said Techbond was poised to extend the bullish momentum after it formed a Marubozu candlestick on strong trading volume.
“The positive momentum emerged above the immediate support of 53 sen and may lead the stock towards its next resistance of 58.5 sen, before reaching 65 sen,” it said, adding that breaking below the 52 sen support would see the momentum fade away.
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