KUALA LUMPUR (July 16): RHB Retail Research said Malaysian Bulk Carriers Bhd may rise higher after it breached above the 60 sen threshold.

In a trading stocks note today, the research house said as the 21-day SMA line is likely to turn higher, the bullish sentiment has been enhanced.

“A positive bias may emerge above the 60 sen level, with an exit set below the 54.5 sen threshold.

“Towards the upside, the immediate resistance is at the 65 sen level. This is followed by the 71.5 sen level,” it said.