KUALA LUMPUR (May 25): RHB Retail Research said Innoprise Plantations Bhd is set for a rebound after it surpassed the RM1.87 resistance level — on the back of stronger volume.

In a trading stocks note on Wednesday (May 25), the research house said if the stock manages to sustain above that threshold, a resumption of uptrend may lift the stock towards breaching the 21-day average line and hitting the RM1.97 mark, followed by the RM2.16 next resistance.

“However, the stock may reverse downwards if it falls below the RM1.70 support, forming a 'lower low' bearish pattern — below the average line.