KUALA LUMPUR (May 20): RHB Retail Research said Hwa Tai Industries Bhd is poised to climb upwards as it moved past the 62 sen resistance on Thursday (May 19) – hitting the 21-day average line.

In a trading stocks note on Friday, the research house said if a breakout above that level happens, the stock may propel further towards the next resistance set at 69 sen.

“This is followed by 75 sen – the YTD high.

“If it falls below the support threshold of 58 sen, selling pressure may emerge, as this forms a 'lower low' bearish pattern,” it said.