KUALA LUMPUR (May 15): RHB Retail Research said PMB Technology Bhd may rise higher after posting a long white candle and hitting its new 52-week high.

In a trading stocks note today, the research house said as the 21-day SMA line crossed above the 55-day SMA line recently, this has enhanced the buying momentum.

“A bullish bias may emerge above the RM2.58 level, with an exit set below the RM2.10 threshold.

“Towards the upside, the immediate resistance level is at RM3.00. This is followed by the RM3.50 level,” it said,