KUALA LUMPUR (Nov 12): RHB Retail Research said Paramount Corp Bhd may rebound higher after it continued holding above the RM2.00 support.

In its trading stocks note today, the research house said as the stock rose above the 21-day SMA line, this indicates a positive sign.

“A bullish bias may appear above the RM2.00 level, with an exit set below the RM2.00 threshold.

“Towards the upside, the near-term resistance is at RM2.15. This is followed by the RM2.24 level,” it said.