KUALA LUMPUR (Feb 23): RHB Retail Research said AYS Ventures Bhd is poised to climb higher after it bounced off the support while attempting to hit the immediate resistance of 70 sen on Tuesday (Feb 22).

In a trading stocks note on Wednesday, the research house said if the breakout happens above that level, the positive momentum should propel the stock towards the recent high level of 74 sen, and then 80 sen.

“Conversely, falling below the 64.5 sen support will trigger selling pressure and reverse the momentum, thereby causing the forming of a 'lower low' bearish pattern,” it said.