Able Global is eyeing to extend the upside movement after breaking past the resistance.
RHB Retail Research (RHB) in a note today (Aug 23) said the stock managed to climb above the 21-day SMA line and closed above the MYR1.95 resistance, showing strong bullish momentum is in play now.
The renewed momentum may propel the stock towards the next resistance at MYR2.05, followed by MYR2.15.
On the other hand, breaching the MYR1.87 support will invalidate the bullish setup.
Glostrext is poised to stage a bullish breakout, testing the immediate resistance with a bullish candlestick.
The counter has climbed above the 21-day SMA line, indicating bullish momentum is gaining traction.
In the event it crosses above the MYR0.235 resistance, bullish bias will emerge.
In this case, the counter may travel towards the next resistance at MYR0.255, followed by MYR0.275.
If it breaches the MYR0.21 support, this will resume the correction phase.
