KUALA LUMPUR (May 6): RHB Retail Research said Hume Industries Bhd may rise higher after it breached above the RM1.20 threshold.

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

“An upbeat bias may emerge above the RM1.20 level, with an exit set below the RM1.10 mark.

“Towards the upside, the immediate resistance is at the RM1.41 level, followed by the RM1.54 threshold,” it said.