KUALA LUMPUR (April 22): RHB Retail Research said Rubberex Corp Bhd may rise higher after it formed a second consecutive white candle yesterday.

In a trading stocks note today, the research house said this close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment.

“An upbeat bias may emerge above the RM1.17 level, with an exit set below the RM1.06 mark.

“Towards the upside, the immediate resistance is at the RM1.35 level, followed by the RM1.40 threshold,” it said.