KUALA LUMPUR (April 23): RHB Retail Research said Hong Leong Financial Group Bhd may climb higher after posting another white candle and hitting its new 52-week high.

In a trading stocks note today, the research house said in view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook sentiment.

“A bullish bias may appear above the RM19.30 level, with an exit set below the RM18.50 threshold.

“Towards the upside, the near-term resistance is at RM21. This is followed by the RM22 level,” it said.