KUALA LUMPUR (Oct 22): RHB Retail Research said NTPM Holdings Bhd may trend higher after it formed a long white candle and breached above the 50 sen mark.

In a trading stocks note today, the research house said this candle has sent the stock to its highest point in more than 10 months, thereby enhancing the positive sentiment.

“A positive bias may emerge above the 50 sen level, with an exit set below the 46.5 sen threshold.

“Towards the upside, the immediate resistance is at the 54 sen mark. This is followed by the 57.5 sen level,” it said.