KUALA LUMPUR (Feb 22): RHB Retail Research Karex Bhd may rebound higher after it continued holding above the RM1.03 support.

In a trading stocks note today, the research house said yesterday’s white candle sent the stock to its 2-week high, thereby enhancing the bullish sentiment.

“A bullish bias may appear above the RM1.10 level, with an exit set below the RM1.03 threshold.

“Towards the upside, the near-term resistance level is at RM1.20. This is followed by the RM1.35 level,” it said.