PIE Industrial is poised to extend its upside movement, after breaking past the immediate resistance with strong volume ie the MYR3.30 resistance thereby charting a long bullish candlestick.
RHB Retail Research in a note today (Feb 29) said riding on this momentum, the stock should climb towards the next resistance at MYR3.50, followed by MYR3.75.
On the flipside, falling below the MYR3.15 support will kick off the correction phase.
TDM staged a bullish breakout, and is eyeing to scale higher.
After consolidating sideways for the past one year, the counter managed to break past the MYR0.20 resistance.
They observe that trading volume has been increasing, showing the bulish momentum is picking up pace.
The renewed momentum should lift the stock towards MYR0.23, followed by MYR0.245.
Conversely, falling below the MYR0.18 support will negate the bullish setup.
