KUALA LUMPUR (May 14): RHB Retail Research said the upside movement for the FBM Small Cap Index (FBMSC) may still extend, in line with the ongoing bullish bias.

In a technical analyser today, the research house said the FBMSC rebounded by 159.41 points to 14,551.81 points during the May 8 session.

"It left a white candle after having oscillated between a low of 14,351.72 points and high of 14,567.91 points — this implied that the bulls were in control of the session.

"We note that the index has continued to hover steadily above the 13,719-point support.

"Technically speaking, this suggests that the near five-week bullish bias is still in play," it said.