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AFTER establishing an all-time low of 16.5 sen on Dec 22, last year following a long bearish phase, Eden Inc Bhd (Eden; Code: 7471) shares ticked higher amid fresh bargain hunting interest, attempting to recover.

However, the bulls abandoned the idea midway through as they could not attract persistent follow-through buying momentum, prompting investors to book gains.

In the wake of an apparent profit-taking selling, prices peaked out at 29 sen on June 7 and reversed to a low of 19 sen on June 22, followed by a period of range-bound session on consolidation mode, lasting one month before they spiked again on renewed buying.

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