Kronologi Asia
This counter, as cited by RHB Retail Research’s techical analysis report (Feb 13), is poised to extend its uptrend, as it tested the immediate resistance on high trading volume last week. The
stock underwent a consolidation recently and charted a rebound with a bullish candlestick – indicating that the bullish setup is firmly intact. If it breaks past the MYR0.54 resistance, the bullish momentum should propel the stock towards the next resistance of MYR0.57, followed by MYR0.60. Towards the downside, falling below the MYR0.50 support would negate the bullish
setup.
PCCS Group
PCCS Group is attempting to stage a bullish breakout, as it tested the immediate resistance on high volume. The stock has been climbing higher recently on strong volume, indicating strong buying interest. If it breaches above the MYR0.51 threshold, the momentum should lift it towards MYR0.545, followed by MYR0.57. Conversely, the stock may undergo a correction if it falls below the MYR0.475 support.
