KUALA LUMPUR (Oct 28): RHB Retail Research said PT Resources Holdings Bhd staged a bullish breakout after breaking past the 39.5 sen resistance.

In a trading stocks note today, the research house said that the stock has been observed charting a “higher high” candlestick, indicating that the bullish bias has emerged.

“If the momentum is sustained, the counter should climb towards 43 sen, followed by the recent high of 47 sen.

“On the flip side, breaching below the 36 sen support will negate the positive expectations and set off a correction,” it said.