KUALA LUMPUR (May 13): RHB Retail Research said LYC Healthcare Bhd may rebound further after it tested the 32.5 sen support in recent sessions.

In a trading stocks note today, the research house said as it has formed a positive candle for the second consecutive session, the positive sentiment has been enhanced.

“An upbeat bias may emerge above the 35.5 sen level, with an exit set below the 32.5 sen mark.

“Towards the upside, the immediate resistance is at the 40.5 sen level, followed by the 42 sen threshold,”it said.