KUALA LUMPUR (Aug 15): RHB Retail Research said Econpile Holdings Bhd may climb higher after forming a white candle and hitting its 1-week high.

In a trading stocks note today, the research house said this can be viewed as a continuation of the bulls extending the rebound from Aug 6’s “Piercing Line” pattern.

“A positive bias may emerge above the 74 sen level, with an exit set below the 68 sen threshold.

“Towards the upside, the immediate resistance is at the 83 sen level. This is followed by the 88 sen level,” it said.