KUALA LUMPUR (April 3): RHB Retail Research said Southern Steel Bhd may trend higher after it formed a long white candle and breached above the RM1.80 threshold.

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

“A bullish bias may appear above the RM1.80 level, with an exit set below the RM1.62 threshold.

“Towards the upside, the near-term resistance level is at RM2.05. This is followed by the RM2.20 level,” it said.