KUALA LUMPUR (April 22): RHB Retail Research said Focus Lumber Bhd may rebound higher after it continued holding above the RM1.52 support.

In a trading stocks note today, the research house said the stock has posted another white candle, leaving an upside gap – this indicates a positive sign.

“A bullish bias may emerge above the RM1.59 level, with an exit set below the RM1.52 threshold.

“Towards the upside, the immediate resistance is at RM1.70. This is followed by the RM1.78 level,” it said.