KUALA LUMPUR (Nov 12): RHB Retail Research said Samchem Holdings Bhd may climb higher after forming a white candle and leaving an upside gap.

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

“A positive bias may emerge above the 61 sen level, with an exit set below the 59 sen threshold.

“Towards the upside, the immediate resistance is at the 65.5 sen mark. This is followed by the 70 sen level,” it said.