RCE Capital is poised to extend the bullish trajectory after staging a bullish breakout. The stock managed to break past the MYR3.30 resistance on high volume. The latest price action suggests strong bullish momentum is underway. Riding on this momentum, expect a follow-through price action to test MYR3.60, followed by the MYR3.85 mark. If it breaches the MYR3.10 support, this will negate the bullish setup.
Source: RHB Securities Research - 29 Aug 2024
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