KUALA LUMPUR (Aug 13): RHB Retail Research said Innoprise Plantations Bhd may test its recent high as it moved past the immediate resistance recently – printing bullish candlesticks for four consecutive days.

In a trading stocks note today, the research house said with the latest “White Marubozu”, the bullish bias expected to remain above the RM1.08 breakout level.

“This may drive the stock towards the next resistance of RM1.20, before reaching its recent high of RM1.29.

“Meanwhile, if it falls below the RM1.03 support, this expectation will be nullified,” it said.