MUI Properties is looking to extend its bullish trajectory after breaking past the resistance levelwith strong volume.
RHB Retail Research (RHB) in a note today said (Aug 19) that it managed to surge past the MYR0.375 resistance level to confirm a bullish setup.
Trading volume has been rising in tandem with the share price, signalling that strong bullish momentum is underway.
They expected follow-through price action to test the next resistance at MYR0.42, followed by the one at MYR0.46.
If the stock falls below the MYR0.31 support level, this will open the door for a correction.
PBA is attempting to continue its upside movement after climbing above the 21-day SMA line.
The counter managed to break past the short-term moving average line and close above the MYR1.73 resistance level to confirm a bullish setup.
Riding on the renewed momentum, the counter is setting its sights on testing the next resistance level at MYR1.84,followed by the one at MYR1.95.
However, a fall below the MYR1.67 support level would resume the correction phase.