Securemetric's uptrend is likely to be extended after it breached a key resistance point on strong volume.
RHB Retail Research (RHB) in a note today (Aug 2) said the stock charted a long bullish candlestick and closed above the MYR0.25 resistance.
Trading volume has been increasing in tandem with its share price, pointing to a bullish underlying momentum.
This should propel the stock towards MYR0.275, then followed by MYR0.30.
On the other hand, falling below the MYR0.225 support will kickstart a correction phase.
Mikro MSC may be headed for a technical breakout, and test the immediate resistance on high volume.
The counter has been consolidating sideways below the MYR0.275 resistance.
If it pushes past the immediate resistance, a bullish bias will emerge.
In this scenario, expect a follow-through price action to test MYR0.30, followed by MYR0.32.
Towards the downside, falling below the MYR0.245 support will open the door to a downward movement.