KUALA LUMPUR (Feb 21): RHB Retail Research said Carimin Petroleum Bhd may rebound further after it tested the RM1.13 support lately.

In a trading stocks note today, the research house said this candle has sent the stock to its highest close in more than a month, thereby enhancing the positive sentiment.

“A positive bias may emerge above the RM1.20 level, with an exit set below the RM1.13 threshold.

“Towards the upside, the immediate resistance is at the RM1.37 mark. This is followed by the RM1.47 level,” it said.