KUALA LUMPUR (March 26): RHB Retail Research said Ranhill Holdings Bhd may move higher after it continued holding above the RM1.22 support.

In a trading stocks note today, the research house said as the stock rose above the 21-day SMA line, this indicates a positive sign.

“A bullish bias may appear above the RM1.30 level, with an exit set below the RM1.22 threshold.

“Towards the upside, the near-term resistance is at RM1.44. This is followed by the RM1.51 level,” it said.