KUALA LUMPUR (Dec 30): RHB Retail Research said Ramssol Group Bhd is eyeing a rebound from its recent pullback as it bounced off the 21-day average line and headed towards the 45 sen immediate resistance. In a trading stocks note on Friday (Dec 30), the research house said that if a breakout above that level happens, the stock may resume its uptrend towards reclaiming the recent high of 47.5 sen, ie Dec 19’s high. “This is followed by 52 sen, which was the highest level since Sept 12. “Conversely, the counter may reverse its direction if it falls below the 42 sen support, forming a 'lower low' bearish structure below the average line,” it said.

Source: The Edge Markets December 30, 2022 06:32 UTC