KUALA LUMPUR (July 25): RHB Retail Research said JAG Bhd may climb higher after posting a white candle and hitting its highest close in more than two months.

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.

“A bullish bias may appear above the 14 sen level, with an exit set below the 12.5 sen threshold.

“Towards the upside, the near-term resistance level is at 16.5 sen. This is followed by the 20 sen level,” it said.