KUALA LUMPUR (Dec 7): RHB Retail Research said Caely Holdings Bhd is set to climb towards the 52-week high following a sharp rebound while surpassing the resistance level of 43 sen on high volume yesterday – printing a “White Marubozu” bullish candlestick.

In a trading stocks note today, the research house said if the stock manages to stay above that level, a follow-through of this bullish momentum should propel the stock towards the 48 sen resistance, before possibly hitting the 52-week high level of 52 sen.

“If it falls below the 41 sen support, the momentum may be reversed,” it said.