Adventa to rebound towards recent high, says RHB Retail Research

Adventa to rebound towards recent high, says RHB Retail Research
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KUALA LUMPUR (Dec 1): RHB Retail Research said Adventa Bhd is expected to rebound towards the recent high, as it bounced off the recent breakout level of RM1.36 on Tuesday (Nov 30) following a recent pullback.

In a trading stocks note on Wednesday, the research house said if the stock manages to remain above that level, a follow-through in bullish momentum should emerge towards Tuesday’s high of RM1.51, followed by the next resistance point of RM1.72 or the Monday’s high.

“If it falls below the RM1.29 support, the momentum may be reversed,” it said.