KUALA LUMPUR (Oct 9): RHB Retail Research said NTPM Holdings Bhd may climb higher after it formed a second consecutive white candle.

In a trading stocks note today, the research house said yesterday’s candle sent the stock to its 6-month high, thereby enhancing the bullish sentiment.

“A positive bias may emerge above the 45.5 sen level, with an exit set below the 43 sen threshold.

“Towards the upside, the immediate resistance is at the 50 sen level. This is followed by the 54 sen level,” it said.