KUALA LUMPUR (March 11): RHB Retail Research said ViTrox Corp Bhd may rebound higher after it continued holding above the RM7.50 support.

In a trading stocks note today, the research house said given that the stock has formed a “Hammer” pattern on March 9, this indicates a potential rebound.

“A positive bias may emerge above the RM7.80 level, with an exit set below the RM7.50 point.

“Towards the upside, the immediate resistance is at the RM8.60 level, followed by the RM8.95 threshold,” it said.