KUALA LUMPUR (July 29): RHB Retail Research said Tomei Consolidated Bhd is set to resume its recent uptrend rebound after it broke above the 83.5 sen immediate resistance on Thursday, printing a fresh “higher high” bullish pattern.

In a trading stocks note on Friday (July 29), the research house said the bulls above that level are expected to propel the stock towards the immediate resistance at 89 sen or July 5’s low before heading towards the 93 sen next resistance, i.e. the high of June 28.

“If the counter falls below the support level of 82 sen, the bullish momentum may reverse as it forms a 'lower low' bearish pattern,” it said.