SSF Home Group is set to climb upwards after bouncing off the recent breakout level of MYR0.295 yesterday, with strong trading volume. Coupled with a “White Marubozu” bullish candlestick formation yesterday, the bullish momentum may propel the stock higher towards the MYR0.335 resistance (alltime high), before surging into unchartered territory at MYR0.40. However, falling below the MYR0.27 support will reverse the momentum, as the counter would trade below the SMA line and form a "lower low" bearish structure.

Source: RHB Securities Research - 30 May 2024