KUALA LUMPUR (Dec 22): RHB Retail Research said ILB Group Bhd is poised to resume its uptrend for a fresh 52-week high, as it bounced off the 21-day simple moving average line on Thursday, testing 76 sen, its 52-week high.

In a trading stocks note on Friday, the research house said that if a breakout above that level occurs, the stock will likely advance towards the 88 sen resistance, followed by next resistance at 96 sen.

“Conversely, a drop below the 70 sen support would invalidate the bullish setup,” it said.