KUALA LUMPUR (April 28): RHB Retail Research said MTAG Group Bhd may move higher after it formed a long white candle and breached above the 40 sen threshold.

In a trading stocks note today, the research house said with the 21-day SMA line edging upwards, this indicates a positive sign.

“An upbeat bias may emerge above the 40 sen level, with an exit set below the 35.5 sen mark.

“Towards the upside, the immediate resistance is at the 48.5 sen level, followed by the 53 sen threshold,” it said.