KUALA LUMPUR (July 24): RHB Retail Research said Techfast Holdings Bhd (Techfast) may rise higher after forming a white candle and hitting its highest close in more than six months.

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

“A bullish bias may emerge above the 53 sen level, with an exit set below the 45.5 sen threshold.

“Towards the upside, the immediate resistance is at 61 sen. This is followed by the 66.5 sen level,” it said.