Tafi Industries may extend its uptrend post a bullish breakout. The counter has climbed above the MYR0.62 key resistance on the back of strong volume. The volume is rising in tandem with the share price, showing that a strong bullish momentum is underway. This should propel the counter towards the next resistance of MYR0.68, followed by MYR0.75. On the flip side, falling below the MYR0.57 support will lead to a resumption of the correction phase.
 

Source: RHB Securities Research - 25 Jun 2024