KUALA LUMPUR (Dec 4): RHB Retail Research said Yee Lee Corporation Bhd may move higher after it breached above the downtrend line drawn in the chart.

In a trading stocks note today, the research house said this upward momentum is likely to continue, given that it has posted a second consecutive white candle.

“A bullish bias may appear above the RM2.20 level, with an exit set below the RM2.10 threshold.

“Towards the upside, the near-term resistance level is at RM2.45. This is followed by the RM2.55 level,” it said.