KUALA LUMPUR (Feb 13): RHB Retail Research said CAB Cakaran Corp Bhd may rise higher after forming another white candle and leaving an upside gap.

In a trading stocks note today, the research house said the 21-day SMA line is likely to turn upwards, suggesting additional strength may be present in the near term.

“A bullish bias may emerge above the 57 sen level, with an exit set below the 51.5 sen threshold.

“Towards the upside, the immediate resistance is at 65.5 sen. This is followed by the 72 sen level,” it said.