Revenue Group poised for strong rebound, says RHB Retail Research

Revenue Group poised for strong rebound, says RHB Retail Research
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KUALA LUMPUR (June 14): RHB Retail Research said Revenue Group Bhd is poised for a strong rebound after it climbed above the 21-day SMA line while breaching the resistance level last Friday.

In a trading stocks note today, the research house said that if the stock remains above RM2.00 – the resistance turned-support – the renewed bullish momentum would propel the stock towards the next resistance levels pegged at RM2.22 and RM2.38 respectively.

“This expectation will be void if it drops below the RM1.89 support level,” it said.