RGB International formed a long white candle, indicating that the momentum of buying could be strong. Last Friday’s candle sent the stock to its 3-month high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.225 level, with an exit set below the MYR0.21 threshold. Towards the upside, the near-term resistance is at MYR0.255. This is followed by the MYR0.265 level.

Source: RHB Securities Research - 22 Jan 2019