KTI Landmark is eyeing to extend the upside movement after staging a bullish breakout. The counter has crossed beyond the 21-day SMA line and closed above the MYR0.29 resistance. This latest price action suggests the technical setup is bullish. Riding on the renewed momentum, the counter may travel towards the next resistance at MYR0.315, followed by the MYR0.33 level. On the flipside, falling below the MYR0.275 support negates the bullish setup.

Source: RHB Securities Research - 15 Aug 2024