Techbond Group may rise higher, says RHB Retail Research

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KUALA LUMPUR (Feb 12): RHB Retail Research said Techbond Group Bhd may rise higher after it breached above the downtrend line drawn in the chart.

In a trading stocks note today, the research house said this candle can be viewed as a continuation of the bulls extending the rebound from Feb 4’s “Hammer” pattern.

“A bullish bias may emerge above the 91.5 sen level, with an exit set below the 88 sen threshold.

“Towards the upside, the immediate resistance is at 95.5 sen. This is followed by the 97 sen level,” it said.