Kimlun Corporation was in the midst of a sideways consolidation with a positive price action, while it was heading towards the MYR0.865 immediate resistance yesterday.
RHB Retail Research in a note today (Mar 12) said if a breakout above that level occurs, the stock may trend upwards towards the MYR0.89 resistance, followed by the next resistance level of MYR0.92, ie the highest point since 17 Nov 2021.
On the flip side, falling below the MYR0.815 would trigger a bearish phase.
Ta Ann Holdings is confirming its major uptrend reversal after breaking past the key resistance of MYR3.90 on high volume.
The stock resumed its uptrend yesterday to print a fresh 52-week high of MYR4.30 (an immediate resistance level), followed by MYR4.90.
On the other hand, breaching below the MYR3.60 support would negate the bullish set-up.
Malaysia Building Society is set to scale higher after it formed a bullish set-up.
The stock broke past the MYR0.785 resistance to chart a bullish candlestick with surging trading volume, indicating strong buying interests.
The bulls may persists, driving the stock towards MYR0.825 resistance (52-week high), followed by the MYR0.90 mark.
In the event it falls below the MYR0.75 support, this would invalidate the bullish set-up.
YBS International is eyeing a fresh leg towards the upside after undergoing a bullish breakout.
Yesterday, the counter climbed to reclaim the MYR0.75 resistance with strong trading volume.
The bullish momentum should propel the counter towards MYR0.80 mark, followed by MYR0.90 threshold.
Towards the downside, breaching below the MYR0.70 support would lead to the kick-off of a correction phase.
