KUALA LUMPUR (June 17): RHB Retail Research said Malaysia Airports Holdings Bhd (MAHB) may move higher after it breached above the RM8.00 threshold.

In a trading stocks note today, the research house said in view that the 21-day SMA line is likely to begin turning upward, this implies a positive outlook sentiment.

“A positive bias may emerge above the RM8.00 level, with an exit set below the RM7.50 threshold.

“Towards the upside, the immediate resistance is at RM8.65. This is followed by the RM9.00 level,” it said.