KUALA LUMPUR (June 29): PublicInvest Research said that after a week of congestion, Tune Protect Group Bhd’s price movement is picking up its prior uptrend.

In a trading ideas note today, the research house said improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term.

“Should resistance level of 96.5 sen be broken, it may continue to lift price higher to subsequent resistance level of RM1.03.

“However, failure to hold on to support level of 87.5 sen may indicate weakness in the share price and hence, a cut-loss signal,” it said.