KUALA LUMPUR (Sept 12): RHB Retail Research said Hume Industries Bhd may climb higher after posting a long white candle and hitting its highest close in more than three months.

In its trading stocks note today, the research house said given that it has formed a long white candle for the second consecutive day, the positive sentiment has been enhanced.

“A bullish bias may appear above the RM2.48 level, with an exit set below the RM2.20 threshold.

“Towards the upside, the immediate resistance point is seen at the RM2.90 level. This is followed by the RM3.20 level,” it said.