Telekom Malaysia may rise higher after it formed a second consecutive white candle. This candle has sent the stock to its highest close in more than a month, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR2.47 level, with an exit set below the MYR2.11 threshold. Towards the upside, the near-term resistance is at MYR2.70. This is followed by the MYR3.00 level.

Source: RHB Securities Research - 5 Dec 2018