KUALA LUMPUR (Oct 22): RHB Retail Research said Salutica Bhd may rise higher after it recovered above the 90 sen threshold.

In a trading stocks note today, the research house said this upward momentum is likely to continue, given that it has formed a second consecutive white candle.

“A positive bias may emerge above the 90 sen level, with an exit set below the 80 sen threshold.

“Towards the upside, the immediate resistance is at the RM1.00 level. This is followed by the RM1.10 threshold,” it said.