Sin-Kung Logistics is attempting to stage a bullish breakout, testing the immediate resistance. The counter has been consolidating sideways beneath the MYR0.17 resistance. It has charted a series of “higher lows”, showing bullish momentum is building up. In the event a breakout happens, the momentum would propel the counter towards MYR0.19, followed by MYR0.21. However, breaching below the MYR0.15 support would open the door for downwards movement.
 

Source: RHB Securities Research - 3 Jul 2024