KUALA LUMPUR (June 24): RHB Retail Research said Jentayu Sustainables Bhd is set for a rebound after undergoing a technical breakout on Thursday on stronger trading volume, forming a “higher high” bullish structure above the 21-day average line.

In a trading stocks note on Friday (June 24), the research house said the bullish bias above that level may propel the stock towards the 47.5 sen resistance, followed by 50 sen.

“However, the stock may reverse direction if it falls below the 40 sen support, forming a 'lower low' bearish pattern,” it said.