Tomei Consolidated is poised to continue the bullish trajectory after breaking past the resistance on strong volume.
RHB Retail Research (RHB) in a note today (Aug 21) they have observed the trading volume rising in tandem with the share price, showing a strong bullish momentum is now in play.
After breaking past the MYR2 resistance, the stock may climb towards MYR2.14, followed by the MYR2.30 mark.
If the counter falls below the MYR1.86 support, this negates the bullish setup.
Pecca Group has staged a bullish breakout and is eyeing to extend the upside movement.
The counter managed to climb above the 21-day SMA line and break past the MYR1.26 resistance to confirm a bullish setup.
Riding on this bullish momentum, the stock may travel towards the next resistance at MYR1.32, followed by the MYR1.38 level.
In the event it breaches the MYR1.21 support, this resumes the correction phase.
