KUALA LUMPUR (Sept 14): RHB Retail Research said KESM Industries Bhd may climb higher after forming a white candle and leaving an upside gap.

In a trading stocks note today, the research house said the upward momentum would likely continue, given that it has breached above the downtrend line drawn in the chart.

“A bullish bias may appear above the RM15.00 level, with an exit set below the RM14.40 threshold.

“Towards the upside, the immediate resistance level is at RM16.30. This is followed by the RM17.00 level,” it said.