KUALA LUMPUR (Apr 20): RHB Retail Research said LB Aluminium Bhd may rise higher after posting a long white candle and hitting its highest close in more than three months.

In a trading stocks note today, the research house said this can be viewed as a continuation of the bulls extending the rebound from April 5’s “Bullish Harami” pattern.

“A bullish bias may emerge above the 64 sen level, with an exit set below the 58 sen threshold.

“Towards the upside, the immediate resistance is at 70 sen. This is followed by the 77 sen level,”it said.