KUALA LUMPUR (Feb 27): RHB Retail Research said MISC Bhd may move higher after it formed a second consecutive white candle.

In a trading stocks note today, the research house said as the stock has formed a “Bullish Engulfing” pattern on Feb 25, this indicates a potential rebound.

“A positive bias may emerge above the RM7.50 level, with an exit set below the RM7.15 mark.

“Towards the upside, the immediate resistance is at the RM8.35 level, followed by the RM8.65 threshold,” it said.