KUALA LUMPUR: Innature Bhd, which has been on an uptrend since last Friday, rose in early trade Friday.

       The retailer and distributor of The Body Shop and Natura products climbed 1.44%, or one sen to 70.5 sen. Year-to-date, the counter rose 34.62%.

       RHB Retail Research said InNature was poised for a technical rebound as it bounced off the 21-day average line yesterday, eyeing to hit the 71 sen immediate resistance.

       “If a breakout happens above that level, a bullish bias may emerge to propel the stock towards 76 sen – the 52-week high, followed by the 80 sen new high threshold.

       “However, this expectation will be cancelled if it falls below the support of 67 sen,” RHB said.

       In the first half to June 30, InNature posted a net profit of RM6.53mil against RM5.88mil in the same period a year ago, while revenue stood at RM65.91mil from RM68.8mil previously.