ATAIMS’s upside movement may be extended after it underwent a bullish breakout.
RHB Retail Research (RHB) in a note today (June 21) said the stock has climbed above the MYR0.515 resistance to form a fresh “higher high” bullish candlestick.
Trading volume has increased tremendously, showing that a strong bullish momentum is underway.
Expect a follow-through price action to test next resistance point of MYR0.575, followed by MYR0.63.
Conversely, breaking below the MYR0.45 support will kick off the correction phase.
Ramssol is in the midst of extending the bullish trajectory, after breaking past the resistance.
The counter has charted a bullish candlestick yesterday and closed above the MYR0.545 resistance.
The rising 21-day SMA line indicates that the short-term trend is bullish.
Riding on the bullish momentum, the counter should travel towards MYR0.60, followed by MYR0.65.
Meanwhile, falling below the MYR0.515 support will nullify the positive expectation.
