KUALA LUMPUR (Nov 5): RHB Retail Research said AME Elite Consortium Bhd may rise higher after it formed a long white candle and breached above the RM1.70 threshold.

In a trading stocks note today, the research house said as it has recorded a new 52-week high, the positive sentiment has been enhanced.

“A positive bias may emerge above the RM1.70 level, with an exit set below the RM1.63 threshold.

“Towards the upside, the immediate resistance is at the RM1.90 level, followed by the RM2.00 threshold,” it said.