BIMB may climb higher after forming a white candle and leaving an upside gap. Yesterday’s candle sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR4.45 level, with an exit set below the MYR4.32 threshold. Towards the upside, the near-term resistance is at MYR4.70. This is followed by the MYR5.00 level.

Source: RHB Securities Research - 16 Apr 2019