KUALA LUMPUR (April 11): RHB Retail Research said Karex Bhd may trend higher after it formed a long white candle and breached above the 50 sen threshold.

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

“A bullish bias may emerge above the 50 sen level, with an exit set below the 44 sen threshold.

“Towards the upside, the immediate resistance is at 57.5 sen. This is followed by the 62 sen level,” it said.