KUALA LUMPUR (Aug 8): RHB Retail Research said Yinson Holdings Bhd may move higher after it tested the RM6.52 support in recent sessions.

In a trading stocks note today, the research house said given that it has formed a positive candle for the second consecutive day, the positive sentiment has been enhanced.

“A bullish bias may appear above the RM6.52 level, with an exit set below the RM6.52 threshold.

“Towards the upside, the near-term resistance is at RM7.20. This is followed by the RM7.50 level,” it said.