RHB Retail Research: Hei-Tech Padu extends rebound

RHB Retail Research says Hei-Tech Padu Berhad extended its rebound for a second consecutive session, to cross above the 21-day SMA line on heavy volume. This was after it recently tested the MYR0.985 support mark.

In a trading note, the research house says a positive bias may appear above MYR1.06, with resistance levels at MYR1.20, followed by MYR1.25.

A downside breach of MYR1.06 would nullify this positive bias.

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