Gabungan AQRS set to rebound higher, says RHB Retail Research

• The research house said that the bullish bias above that level may see the stock climb towards the 38 sen immediate resistance, followed by its recent high of 39.5 sen.

KUALA LUMPUR (Feb 9): RHB Retail Research said Gabungan AQRS Bhd is set to rebound higher above the 35 sen breakout level on stronger trading volume, following the recent pullback.

In a trading stocks note on Friday, the research house said that the bullish bias above that level may see the stock climb towards the 38 sen immediate resistance, followed by its recent high of 39.5 sen.

“However, a fall below the 32.5 sen support would signal a reversal towards a downtrend,” it said.

Looking to buy a home? Sign up for EdgeProp START and get exclusive rewards and vouchers for ANY home purchase in Malaysia (primary or subsale)!