KUALA LUMPUR (Aug 28): RHB Retail Research said Kim Hin Joo (M) Bhd may move higher after it tested 24.5 sen support recently.

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

“A positive bias may emerge above the 30 sen level, with an exit set below the 24.5 sen threshold.

“Towards the upside, the immediate resistance is at the 35 sen level. This is followed by the 37.5 sen threshold,” it said.