Olympia Industries may be in process of extending rebound, says RHB Retail Research

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KUALA LUMPUR (Sept 21): RHB Retail Research said Olympia Industries Bhd may be in the process of extending its rebound after it recently tested the 8.5 sen support mark.

In a trading stocks note today, the research house said a positive bias may appear above 10.5 sen with resistance points expected at 12 sen followed by 12.5 sen.

“A downside breach of 10.5 sen would invalidate this positive expectation,” it said.