KUALA LUMPUR (Nov 12): RHB Retail Research said Techfast Holdings Bhd may rise higher after it climbed above the 21-day SMA line recently.

In its trading stocks note today, the research house said as the stock marked a higher close vis-àvis the previous sessions since Nov 7, this has enhanced the buying momentum.

“A bullish bias may appear above the 42 sen level, with an exit set below the 38 sen threshold.

“Towards the upside, the near-term resistance is at 48 sen. This is followed by the 50.5 sen level,” it said.