Autocount Dotcom is set for a technical breakout after bouncing off the 21-day SMA line strongly to breach above the MYR0.70 mark with strong volume yesterday.
RHB Retail Research in a note today (Mar 8) said riding on the latest “higher high” bullish structure, the counter should climb towards the MYR0.75 resistance, followed by the MYR0.80 mark.
Meanwhile, falling below the MYR0.66 immediate support will nullify the bullish setup.
Innoprise Plantations is eyeing a strong uptrend after testing the MYR1.54 resistance or 52-week high yesterday with strong volume.
If a breakout above that level happens, the bullish momentum may accelerate to drive the stock upwards – towards the MYR1.60 resistance, followed by the MYR1.65 next resistance.
On the other hand, falling below the MYR1.45 support will negate the bullish structure.
