Bermaz Auto is looking to extend its upside movement after staging a bullish breakout.
RHB Retail Research (RHB) in a note today (Aug 30) said the stock managed to climb above the RM2.50 resistance level with a long bullish candlestick.
The latest price action has confirmed that a bullish technical setup is in play.
Riding on the renewed momentum, the stock should travel towards RM2.60, followed by RM2.70.
If it falls below the RM2.40 supportlevel, the bullish setup will be invalidated.
Kelington Group is poised to stage a technical rebound after finding a crucial support level.
The counter printed a Hammer pattern near the support yesterday.
If it closes above the RM2.83 resistance level, a bullish bias will emerge.
In this case, the counter would extend its rebound towards RM2.95 followed by RM3.10.
Conversely, a fall below the RM2.70 support level will resume the correction phase.
