RHB Investment Bank Bhd has spotlighted Minox International and Go Hub Capital as promising stock picks for the day, each showing strong bullish signals.
Minox International is moving towards a bullish breakout, having surpassed its 21-day simple moving average (SMA) line. The stock is testing its immediate resistance at RM0.29. A close above this level would confirm a bullish trend, potentially driving it to RM0.31, then RM0.33. However, a fall below RM0.265 would signal a return to its correction phase.
Go Hub Capital, meanwhile, is positioned for continued upward momentum after closing above the RM1.20 resistance on strong trading volume. The bullish breakout suggests further gains, with the next resistance targets at RM1.40 and RM1.65. Should the stock drop below RM1.05, the bullish outlook would be invalidated.
