KUALA LUMPUR (Oct 4): RHB Retail Research said MyEG Services Bhd is poised to firm up the recently formed uptrend reversal as buying interest re-emerged above the 21-day average line to retest the 86.5 sen resistance on Monday (Oct 3).

In a trading stocks note on Tuesday, the research house said that if a breakout happens above that level, the stock may climb to reclaim the recent high of 89.5 sen, or Sept 13’s high, before propelling further towards the 94 swen level, which was the May 5’s high.

“If it falls below the 82 sen support, the stock may see a reversal in momentum as it forms a 'lower low' bearish pattern, below the average line,” it said.