KUALA LUMPUR (April 22): RHB Retail Research said Lay Hong Bhd may rebound higher after it continued holding above the 33 sen support.

In a trading stocks note today, the research house said this candle has sent the stock to its highest close in more than a month, thereby enhancing the positive sentiment.

“An upbeat bias may emerge above the 35.5 sen level, with an exit set below the 33 sen mark.

“Towards the upside, the immediate resistance is at the 41 sen level, followed by the 45 sen threshold,” it said.