KPJ Healthcare is set to resume its uptrend as it pushed above the immediate resistance of MYR1.17 yesterday on improved trading volume – forming a “higher high” bullish pattern.
RHB Retail Research said today (June 1), the bullish bias above that level is expected to propel the stock towards MYR1.26, followed by MYR1.40.
On the other hand, dropping below the MYR1.10 support will nullify this expectation.
Binasat Communications may resume its uptrend following a recent rebound above the 21-day SMA line, while testing the MYR0.285 immediate resistance yesterday.
If it breaches above that level, the stock may propel towards MYR0.30, followed by the next resistance point of MYR0.32.
Towards the downside, falling below the MYR0.26 support will negate the bullish structure.
