Can-One
This counter is poised to extend its northbound journey after it broke past the MYR3.78 immediate resistance with high trading volume. The stock has been climbing higher for three consecutive sessions on the back of strong volume. As a bullish
bias has emerged, expect the follow-through momentum to propel it towards the MYR4.00 mark, followed by MYR4.25.
Towards the downside, breaching below the MYR3.55 support could indicate that the correction phase has started.
REDTone Digital
REDTone is climbing higher on the back of strong momentum. Observe that the stock price is moving upwards while the trading volume is increasing. This suggests the bullish momentum is gaining traction. If the stock retains its position above the breakout point of MYR0.415, expect the momentum to lift it towards MYR0.445, followed by MYR0.465. Conversely, falling below the MYR0.40 support will negate our expectation with the emergence of a bearish bias.
