KUALA LUMPUR (Dec 18): RHB Retail Research said Ta Ann Holdings Bhd may climb higher after forming another white candle and hitting its highest close in more than a month.

In a trading stocks note today, the research house said since the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook sentiment.

“A bullish bias may emerge above the RM2.20 level, with an exit  set below the RM2.00 level.

“Towards the upside, the immediate resistance is at RM2.45. This is followed by the RM2.60 level,” it said.