KUALA LUMPUR (March 17): RHB Retail Research said Ajiya Bhd is poised to rebound higher towards its all-time high as it bounced off the 21-day average line while heading towards the immediate resistance of RM1.19.

In a trading stocks note on Thursday, the research house said if the stock manages to surpass that level, it may propel further towards the all-time high of RM1.25, before exceeding that and notching a new peak of RM1.30.

“Conversely, falling below the RM1.09 support should trigger selling pressure, printing a 'lower low' bearish pattern,” it said.