The stock has rallied and breached its S$0.30 resistance after building a base above its 30-day SMA for a couple of weeks.
Its MACD has reconfirmed its bullish crossover while its RSI is still rising.
There should be a tad more upside for the stock with the next resistance at S$0.34 and S$0.375. We think this rebound could peak somewhere between these two resistances as the RSI is very close to its overbought region. Maintain buy for now but take profits on rally towards the said resistances or a break below S$0.26, which is a sign that the momentum is weakening.
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