KUALA LUMPUR (Dec 5): RHB Retail Research said BP Plastics Holding Bhd may trend higher after it formed a long white candle and breached above the RM1.10 threshold.

In a trading stocks note today, the research house as the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced.

“A bullish bias may emerge above the RM1.10 level, with an exit set below the RM1.06 level.

“Towards the upside, the immediate resistance is at RM1.22. This is followed by the RM1.28 level,” it said.