KUALA LUMPUR (Oct 27): RHB Retail Research said Inta Bina Group Bhd may climb higher after posting a long 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 also implies a positive outlook.

“A bullish bias may emerge above the 36.5 sen level, with an exit set below the 33.5 sen threshold.

“Towards the upside, the immediate resistance level is at 45 sen. This is followed by the 50 sen level,” it said.