AME Elite may rebound further, says RHB Retail Research

KUALA LUMPUR (Feb 20): RHB Retail Research said AME Elite Consortium Bhd may rebound further after it tested the RM1.81 support recently.

In a trading stocks note today, the research house said as the stock marked a higher close vis-à-vis the previous session, this indicates a positive sign.

“A positive bias may emerge above the RM1.87 level, with an exit set below the RM1.81 mark.

“Towards the upside, the immediate resistance is at the RM1.96 level, followed by the RM2.05 threshold,” it said.