KUALA LUMPUR (Jan 19): RHB Retail Research said AirAsia Bhd’s upside move may continue after the stock posted a second consecutive long white candle.

In a trading stocks note today, the research house said the upward momentum is likely to continue, given that it has breached above the downtrend line drawn in the chart.

“A bullish bias may appear at above the RM2.55 level, with an exit set below the RM2.16 threshold.

“To the upside, the immediate resistance level is anticipated at the RM3.00 psychological spot. This is followed by RM3.30 level,” it said.