KUALA LUMPUR (Apr 19): RHB Retail Research said T7 Global Bhd may rise higher after it breached above the downtrend line drawn in the chart.

In a trading stocks note today, the research house said yesterday’s white candle can be viewed as the bulls extending the rebound from April 6’s “Hammer” pattern.

“A bullish bias may appear above the 48 sen level, with an exit set below the 43 sen threshold.

“Towards the upside, the near-term resistance level is at 56.5 sen. This is followed by the 61 sen level,” it said.