Ewein is poised to extend its bullish trajectory after staging a bullish breakout.
RHB Retail Research (RHB) in a note today (July 16) said the stock has surpassed the MYR1.20 resistance level on strong volume.
The surging trading volume shows that strong bullish momentum is underway.
Based on the bullish momentum, they expected follow-through price action to test the next resistance level at MYR1.35, followed by the one at MYR1.55.
However, a fall below the MYR1.05 support level would negate the bullish setup.
AGX is eyeing a bullish breakout after testing the immediate resistance level with strong volume.
The counter has printed a bullish candlestick, and trading volume has increased.
If the stock closes above the MYR0.345 resistance level, a bullish bias will emerge.
In this case, the counter would extend its upside movement towards MYR0.38,followed byMYR0.42.
However, a fall below the MYR0.31 supportlevel would lead to a resumption of the correction phase.