KUALA LUMPUR (March 27): RHB Retail Research said AME Elite Consortium Bhd is poised for an uptrend rebound after rebounding above the 21-day simple moving average line on surging volume — it is now eyeing to test the RM1.80 immediate resistance.

In a trading stocks note on Wednesday, the research house said that if a breakout above that level happens — forming a “higher high” bullish pattern — the stock may trend higher towards the 52-week high at RM1.90, followed by the RM2 mark.

“However, a fall below RM1.65 invalidates the bullish bias,” it said.