Poh Huat Resources may climb higher after posting a white candle and leaving an upside gap. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A bullish bias may emerge above the MYR1.53 level, with an exit set below the MYR1.48 level. Towards the upside, the immediate resistance is at MYR1.64. This is followed by the MYR1.74 level.

Source: RHB Securities Research - 14 Dec 2018