Southern Cable Group may rise higher after forming a long white candle and hit a new 52-week high yesterday. The stock’s move above the RM0.45 resistance coupled with rising EMAs indicate that the near term upward momentum may persist. A bullish bias may emerge above the RM0.45 level with stop-loss set at RM0.41, below the 20-day EMA. Towards the upside, nearterm resistance level is seen at RM0.50, followed by RM0.55 - AmInvest research report