Southern Score Builders' uptrend may be extended after it breached the resistance on strong volume.
RHB Retail Research (RHB) in a note today (Sept 23) said that the counter has climbed above the 21-day SMA line and closed above the MYR0.585 resistance, thereby affirming a bullish setup.
The trading volume has been increasing along with the share price, which points to a bullish underlying momentum.
This should lift the stock towards MYR0.64, followed by MYR0.69.
Conversely, falling below the MYR0.53 support would lead to the resumption of a downtrend.
PWF Consolidated is poised to continue trending upwards, after it underwent a bullish breakout on high volume.
It has surged past the MYR0.93 resistance and charted a fresh "higher high" candlestick, reaffirming that the bulls are in play.'
Riding on this momentum, the counter may eventually test the MYR0.98 resistance, followed by the MYR1.03 level.
On the flip side, falling below the MYR0.89 support would invalidate the bullish setup.