Coraza Integrated Technology is looking to extend its technical rebound after breaking past the immediate resistance with strong volume. We observed that the counter is charting a bullish candlestick with strong volume, signalling that bullish momentum is gaining pace again. After climbing above the MYR0.41 resistance, it should travel towards the next resistance at MYR0.45, followed by the one at MYR0.48. A fall below the MYR0.375 support level will resume the correction phase.

Source: RHB Securities Research - 9 Aug 2024