KUALA LUMPUR (July 8): RHB Retail Research said Mitrajaya Holdings Bhd may climb higher after posting a white candle and leaving an upside gap.

In a trading stocks note today, the research house said in view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook sentiment.

“A positive bias may emerge above the 37 sen level, with an exit set below the 34 sen threshold.

“Towards the upside, the immediate resistance is at the 40 sen level. This is followed by the 44 sen level,” it said.