HSS Engineers is eyeing to stage a bullish breakout, knocking on the door of the immediate resistance.
RHB Retail Research (RHB) in a note today (July 26) said the stock has been seen consolidating below the MYR1.29 resistance.
If it crosses above this resistance, it will attract fresh buying pressure.
In such a case, the momentum would lift the counter towards the next resistance at MYR1.35, followed by the MYR1.43 level.
Meanwhile, falling below the MYR1.22 support kicks off the correction phase.
Eversendai Corp is attempting to resume the upside movement, testing the immediate resistance.
The counter is seen moving sideways below the MYR0.64 resistance.
They observed that trading volume has been increasing in tandem with the share price, showing a bullish momentum is underway.
If it climbs above the immediate resistance, a bullish bias will emerge.
In this case, the stock may travel towards the MYR0.70 next resistance, followed by the MYR0.77 mark.
Conversely, a breach below the MYR0.57 support opens the door for downward movements.
