KUALA LUMPUR (April 21): Shares in Comfort Gloves Bhd rose to its all-time high in active trade early today following a positive technical outlook on the stock.

At 9.11am, Comfort Gloves pared some of its gain and was up 7.41% or 8 sen to RM1.16 with 15.57 million shares traded. The stock had earlier risen to a high of RM1.25.

RHB Retail Research said Comfort Gloves may move higher after it tested the RM1.00 support recently.

In a trading stocks note today, the research house said yesterday’s candle sent the stock to its new 52-week high, indicating a positive sign.

“An upbeat bias may emerge above the RM1.06 level, with an exit set below the RM1.00 mark.

“Towards the upside, the immediate resistance is at the RM1.15 level, followed by the RM1.20 threshold,” it said.