RGB International has staged a bullish breakout and is eyeing to extend the upside movement. The stock has climbed above the MYR0.34 resistance on strong volume. After the breakout, we expect a follow-through price action to test the next resistance at MYR0.38, followed by the MYR0.42 level. Conversely, a breach below the MYR0.31 support negates the bullish setup.
Source: RHB Securities Research - 12 Apr 2024
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