Notion VTec is eyeing to extend its upside movement after staging a bullish breakout. The stock has rebounded above the MYR0.495 resistance, ie above the 21-day SMA line. We observed the trading volume increasing – showing the bullish momentum is accelerating. Expect this momentum to propel the stock towards the next resistance at the MYR0.56 recent high, followed by MYR0.635. On the flipside, falling below the MYR0.445 support will negate the bullish setup.

Source: RHB Securities Research - 16 Apr 2024