KUALA LUMPUR (Dec 12): RHB Retail Research said Fima Corp may rise higher after it formed a second consecutive white candle.

In its trading stocks note today, the research house said as the 21-day SMA line will likely begin turning upwards, this is a positive sign.

“A bullish bias may emerge above the RM1.87 level, with an exit set below the RM1.80 threshold.

“Towards the upside, the immediate resistance is at RM1.95. This is followed by the RM2.00 level,” it said.