KUALA LUMPUR (Dec 19): Hartalega Holdings Bhd shares rose 4.38% this morning, following a positive technical outlook on the stock.

At 10.41am, Hartalega rose 44 sen to RM10.48 with 594,600 shares traded.

RHB Retail Research said Hartalega may climb higher after posting another white candle and hitting its new 52-week high.

In a trading stocks note today, the research house said with the 21-day SMA line edging upwards, this also implies a positive outlook sentiment.

"A bullish bias may emerge above the RM9.80 level, with an exit set below the RM8.90 threshold.

"Towards the upside, the immediate resistance point is at RM11.00. This is followed by the RM12.00 level," it said.