HE Group is eyeing to stretch the upside movement after staging a breakout at the resistance level. The stock has closed above the MYR0.74 resistance to reaffirm a bullish setup. The 21-day SMA line is still pointing upwards, showing the short-term trend is bullish. The stock is eyeing to travel into the uncharted territory of MYR0.82, followed by MYR0.90. On the downside, falling below the MYR0.675 support would kick off the correction phase
 

Source: RHB Securities Research - 3 Jul 2024