KUALA LUMPUR (Feb 26): RHB Retail Research said the FBM Small Cap Index (FBMSC) could still inch up, as the bullish bias is not at its limit yet.

In a technical analyser today, the research house said the FBMSC inched up 96.18 points to 17,028.34 points last Friday.

The research house said the FBMSC charted a white candle after oscillating between the low of 16,947 points and high of 17,028.34 points.

"As a result, the index has successfully breached above the previous 16,696-point resistance mark.

"This shows that the bulls are in control of the sessions. Technically speaking, we think that the FBMSC is likely to climb further.

"This is supported by the fact that the 14-day relative strength index indicator is hovering above the 50-point neutral level at 55.38 points — an indication that market strength is present," it said.