KUALA LUMPUR (July 29): RHB Retail Research said UEM Edgenta Bhd may rise higher after it formed a long white candle and breached above the RM3.00 mark.

In a trading stocks note today, the research house said this candle has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment.

“A bullish bias may emerge above the RM3.00 level, with an exit set below the RM2.90 threshold.

“Towards the upside, the immediate resistance is at RM3.20. This is followed by the RM3.30 level,” it said.