KUALA LUMPUR (Dec 6): RHB Retail Research said Pesona Metro Holdings Bhd may resume its uptrend after recovering above 56 sen.

In a trading stocks note today, the research house said a bullish bias may be present above this point, with a target price of 61.5 sen, followed by 65 sen.

“The stock may turn sideways if it cannot hold above the 56 sen mark in the near term. In this scenario, support may be found at 52.5 sen, where traders can exit upon a breach to avoid risk of further correction,” it said.