Sedania Innovator Bhd is set to rebound further, after it reclaimed the area above the 21-day average line on Tuesday (June 21) while surpassing the immediate resistance of 42.5 sen, coupled with high trading volume.

In a trading stocks note on Wednesday, the research house said if the stock manages to stay above that level, the stock may travel towards Juen 7’s high of 48.5 sen, followed by 51 sen (the high of June 9).

However, the stock may reverse direction if it falls below the 38 sen support, forming a 'lower low' bearish pattern beneath the average line.