KUALA LUMPUR (Dec 17): RHB Retail Research said JHM Consolidation Bhd may rise higher after forming another white candle and leaving an upside gap.

In a trading stocks note today, the research house said yesterday’s candle sent the stock to its new 52-week high, thereby enhancing the bullish sentiment.

“A positive bias may emerge above the RM1.52 level, with an exit set below the RM1.46 threshold.

“Towards the upside, the immediate resistance is at RM1.65. This is followed by the RM1.80 level,” it said.