KUALA LUMPUR (Oct 4): RHB Retail Research said Salutica Bhd may trend higher after it formed a long white candle and breached above the 80 sen mark.

In a trading stocks note today, the research house said this close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment.

“A positive bias may emerge above the 80 sen level, with an exit set below the 70 sen threshold.

“Towards the upside, the immediate resistance is at the 90 sen level. This is followed by the RM1.00 level,” it said.