RHB Investment Bank Bhd (RHB Research) has identified potential upside in 99 Speed Mart Retail and MTT Shipping & Logistics, with both counters showing technical signals that could support further gains.
99 Speed Mart is testing immediate resistance after trading sideways below RM3.15. RHB Research said the counter has formed a bullish candlestick, with a breakout above the resistance potentially opening the way towards RM3.30, followed by RM3.45.
However, a fall below the RM3 support level could trigger a correction.
Meanwhile, MTT Shipping & Logistics could extend its upward movement after breaking above the RM1.15 resistance on strong trading volume.
The counter recorded a bullish candlestick following the breakout, indicating continued upward momentum. RHB Research identified RM1.25 as the next resistance level, followed by RM1.30.
A drop below the RM1.10 support level would signal a bearish breakout and raise the risk of further declines.
