YTL is eyeing to extend the upside movement after it staged a bullish breakout.
RHB Retail Research in a note today (Apr 26) said yesterday, the stock climbed above the MYR2.70 resistance and charted a bullish candlestick.
The latest bullish breakout confirms that the positive momentum is growing stronger.
Expect a follow-through price action to test the next resistance at MYR2.90,followed by MYR3.10.
On the other hand, falling below the MYR2.48 support will negate the bullish setup.
VS Industry is poised to continue the bullish trajectory after it broke past the key resistance on high volume.
The counter has breached the MYR0.92 resistance to form a fresh “higher high” bullish candlestick.
They observe that trading volume has been increasing in tandem with the share price, showing strong bullish momentum is underway.
The momentum should propel the counter towards the MYR1 mark, followed by MYR1.05.
On the contrary, falling below the MYR0.84 support will set off the correction phase.
