KUALA LUMPUR (Jan 6): RHB Retail Research said Malaysian Bulk Carriers Bhd is set for a strong uptrend reversal as it crossed above the consolidation phase of 54.5 sen yesterday – printing a “higher high” bullish pattern.

In a trading stocks note today, the research housed said with that, bullish interest may dominate the coming sessions, and the stock may head towards the next resistance of 58 sen, then 63 sen.

“Conversely, falling below the 52 sen support would negate this expectation, “it said.