Berjaya Corp is looking to extend its bullish trajectory after staging a bullish breakout.
RHB Retail Research (RHB) in a note today (July 15) said the stock has closed above the MYR0.34 resistance level with strong volume.
The trading volume is rising in tandem with the share price, showing that strong bullish momentum is underway.
Riding on the momentum, the stock may test the next resistance pegged at MYR0.37, followed by the one at MYR0.40.
On the other hand, a fall below the MYR0.31 supportlevel would negate the bullish setup.
Ekovest is posing a bullish setup after breaking past the
consolidation zone resistance.
The counter has climbed above the MYR0.50 resistance level on the back of strong volume.
The breakout signifies the end of the consolidation phase, and the counter is now eyeing the next resistance level at MYR0.53, followed by the one at MYR0.57.
However, a fall below the MYR0.46 supportlevel would resume the correction phase.