KUALA LUMPUR (Dec 29): RHB Retail Research said PMB Technology Bhd may rise higher after posting a white candle for a second consecutive day at the close.

In a trading stocks note today, the research house said this has sent the stock to its highest close in more than a month, thereby enhancing the positive sentiment.

“A bullish bias may emerge above the RM4.15 level, with an exit set below the RM3.80 threshold.

“Towards the upside, the immediate resistance level is at RM5.00. This is followed by the RM5.48 level,” it said.