KUALA LUMPUR (Jan 17): RHB Retail Research said Deleum Bhd may move higher after it continued holding above the 92 sen support.

In a trading stocks note today, the research house said as the stock recently rose above the 21-day SMA line, this indicates a positive sign.

“A bullish bias may appear above the RM1.03 level, with an exit set below the 92 sen threshold.

“Towards the upside, the near-term resistance is at RM1.14. This is followed by the RM1.20 level,” it said.