Vestland is poised to extend the upside movement after breaking past the resistance on strong volume.
RHB Retail Research (RHB) in a note today (Aug 13) said that the stock managed to reclaim the ground above the MYR0.48 resistance to confirm a bullish setup.
The trading volume has been increasing in tandem with the share price, showing bullish momentum is accelerating.
The momentum should lift the stock towards the next resistance at MYR0.55, followed by MYR0.60.
In the event it falls below the MYR0.44 support, this will negate the bullish setup.
Unique Fire is eyeing to stretch the bullish trajectory after climbing above the resistance on high volume.
The counter has crossed above the MYR0.38 resistance and closed above the 21-day SMA line.
The moving average line is curving upwards – showing short-term trend is bullish.
Expect a follow-through price action to test MYR0.41, followed by MYR0.44.
Conversely, falling below the MYR0.35 support will resume the correction phase.
