Eco World Development's uptrend may be extended, and the stock could test the immediate resistance on high volume.
RHB Retail Research (RHB) in a note today (July 30) said that said, a strong resistance has formed at the MYR1.75 level.
If the stock climbs above this point, a bullish bias will emerge.
In this case, the renewed momentum should propel the stock towards the next resistance of MYR1.90, followed by MYR2.10.
Breaching below the MYR1.55 support will kick off a correction phase.
Aurelius Technologies is poised to extend the technical rebound after it surpassed the immediate resistance.
The counter charted a bullish candlestick and closed above the MYR3.50 resistance to confirm a bullish setup.
If it stays above the breakout point, the momentum may follow through, lifting it towards MYR3.70,then MYR4.
Conversely, falling below the MYR3.35 support will lead to the resumption of a correction.