myNEWS is poised to continue its bullish trajectory after breaking past the resistance. The stock has crossed above the MYR0.66 resistance to form a “higher high” bullish candlestick. The latest price action affirms that the technical setup is bullish. An extension of a “higher high” bullish pattern should see the stock travelling towards MYR0.72, followed by MYR0.78. On the other hand, falling below the MYR0.60 support will nullify the positive expectation.

Source: RHB Securities Research - 25 Jun 2024