KUALA LUMPUR (Jan 17): RHB Retail Research said Silk Holdings Bhd  may move higher after recording a higher close vis-à-vis the previous session.

In a trading stocks note today, the research house said buying momentum may persist after the stock climbed above the downtrend line drawn in the chart recently.

“A bullish bias may appear at above the 37.5 sen level, with an exit set below the 33 sen threshold.

“To the upside, we anticipate the immediate resistance level at 47.5 sen. This is followed by the 57.5 sen threshold,” it said.