KUALA LUMPUR (July 26): RHB Retail Research said Kumpulan Jetson Bhd is poised for an uptrend rebound as it is in the process of consolidating sideways following a recent rebound – hitting the 21-day average line.

In a trading stocks note today, the research house said if the stock manages to move past the immediate resistance of 26 sen – last Thursday’s high – the bulls are expected to propel the stock towards the next resistance at 30.5 sen before heading towards the 32 sen strong resistance, ie the high of June 8.

“If it falls below the 23.5 sen support level, the counter may trend downwards, as the selling pressure is accelerating below the average line,” it said.