KUALA LUMPUR (Feb 23): RHB Retail Research said George Kent (M) Bhd may rise higher after posting a white candle and hitting its new 52-week high.

In a trading stocks note today, the research house said with the 21-day SMA line edging upwards, this suggests a likelihood of increasing demand in the near term.

“A bullish bias may emerge above the RM4.03 level, with an exit set below the RM3.70 threshold.

“Towards the upside, the immediate resistance level is at RM4.50. This is followed by the RM5.00 level,” it said.