KUALA LUMPUR (Aug 7): RHB Retail Research said RGB International Bhd may climb higher after posting a long white candle and leaving an upside gap yesterday.

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

“A bullish bias may emerge above the 29 sen level, with an exit set below the 27 sen threshold.

“Towards the upside, the immediate resistance is at 32 sen. This is followed by the 34.5 sen level,” it said.