HE Group is eyeing to stretch the upside movement after staging a breakout at the resistance level.
RHB Retail Research (RHB) in a note today (July 3) said the stock has closed above the MYR0.74 resistance to reaffirm a bullish setup.
The 21-day SMA line is still pointing upwards, showing the short-term trend is bullish.
The stock is eyeing to travel into the uncharted territory of MYR0.82, followed by MYR0.90.
On the downside, falling below the MYR0.675 support would kick off the correction phase.
Sin-Kung Logistics is attempting to stage a bullish breakout, testing the immediate resistance.
The counter has been consolidating sideways beneath the MYR0.17 resistance.
It has charted a series of “higher lows”, showing bullish momentum is building up.
In the event a breakout happens, the momentum would propel the counter towards MYR0.19, followed by MYR0.21.
However, breaching below the MYR0.15 support would open the door for downwards movement.
