Revenue Group may rebound further, says RHB Retail Research

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KUALA LUMPUR (Oct 18): RHB Retail Research said Revenue Group Bhd may rebound further after it tested RM1.57 support in recent sessions.

In a trading stocks note today, the research house said as the stock marked a higher close vis-à-vis the previous session, this has enhanced the buying momentum.

“A positive bias may emerge above the RM1.61 level, with an exit set below the RM1.57 threshold.

“Towards the upside, the immediate resistance is at the RM1.73 level. This is followed by the RM1.80 threshold,” it said.