KUALA LUMPUR (Sept 11): RHB Retail Research said Hartalega Holdings Bhd may trend higher after it formed a long white candle and breached above the RM5.20 mark.

In a trading stocks note today, the research house said this candle has sent the stock to its highest point in more than six months, thereby enhancing the positive sentiment.

“A positive bias may emerge above the RM5.20 level, with an exit set below the RM4.96 threshold.

“Towards the upside, the immediate resistance is at the RM5.50 level. This is followed by the RM5.75 point,” it said.