VS Industry is poised to stretch its upside movement after staging a bullish breakout.
RHB Retail Research (RHB) in a note today (July 17) said the stock has closed above the MYR1.32 resistance to confirm a bullish setup.
They observed the 21-day SMA line moving upwards, showing that short-term trends remain bullish.
An extension of the bullish setup should see a "higher high" price action that tests the next resistance at MYR1.43, followed by MYR1.55.On the flipside, falling below the MYR1.23 support opens the door for downside corrections.
Radiant Globaltech is eyeing to extend the bullish trajectory after staging a breakout on strong volume.
RHB noted that the counter has climbed above the MYR0.38 resistance to print a fresh "higher high" bullish candlestick.
The trading volume has been increasing in tandem with the share price, showing that a strong bullish momentum is underway, which should lift the stock towards MYR0.43, followed by MYR0.47.
However, a breach below the MYR0.345 support will kick-off the correction phase.
