RCE Capital is poised to extend the bullish trajectory after staging a bullish breakout.
RHB Retail Research (RHB) in a note today (Aug 29) said the stock managed to break past the RM3.30 resistance on high volume.
The latest price action suggested strong bullish momentum is underway.
Riding on this momentum, expect a follow-through price action to test RM3.60, followed by the RM3.85 mark.
If it breaches the RM3.10 support, this will negate the bullish setup.
Gas Malaysia is attempting to extend the bullish movement after breaking past the resistance on strong volume.
The counter has climbed above the RM3.65 resistance with long bullish candlestick, showing strong bullish momentum is in play.
An extension of the upside movement should see the counter testing the next resistance at RM3.80, followed by RM3.95.
Meanwhile, falling below the RM3.50 support will kickstart the correction phase.