KUALA LUMPUR (Nov 9): RHB Retail Research said BSL Corporation Bhd may rise higher after posting a long white candle and hitting its new 52-week high.
In a trading stocks note today, the research house said yesterday’s white candle can be viewed as the bulls extending the rebound from Oct 30’s “Bullish Engulfing” pattern.
“A bullish bias may emerge above the 66.5 sen level, with an exit set below the 57 sen threshold.
“Towards the upside, the immediate resistance level is at 80 sen. This is followed by the RM1.00 level,” it said.