KUALA LUMPUR (Dec 12): RHB Retail Research said MKH Bhd may rise higher after it breached above the RM1.60 threshold.

In a trading stocks note today, the research house said yesterday’s candle has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment.

“A positive bias may emerge above the RM1.61 level, with an exit set below the RM1.55 threshold.

“Towards the upside, the immediate resistance is at the RM1.80 level, followed by the RM1.90 threshold,” it said.