RCE Capital is eyeing a technical rebound after forming a strong support level. The stock charted a white candlestick during the latest session, showing that selling pressure is easing. If it climbs above the MYR1.48 resistance level, a bullish bias will emerge. The stock would then travel higher towards MYR1.55, followed by MYR1.62. On the downside, a fall below the MYR1.41 support level would resume the stock’s downward movement.

Source: RHB Securities Research - 31 Jan 2025