KUALA LUMPUR (Sept 20): RHB Retail Research said Reach Energy Bhd may climb higher after posting another white candle and leaving an upside gap.

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

“A bullish bias may emerge above the 38 sen level, with an exit set below the 34.5 sen threshold.

“Towards the upside, the immediate resistance is at 43.5 sen. This is followed by the 46.5 sen level,” it said.