Magni-Tech Industries is looking to stretch its bullish trajectory after breaking past the resistance on strong volume. The stock printed a long bullish candlestick and closed above the MYR2.47 resistance yesterday to confirm a bullish setup. Riding on such momentum, the counter may climb towards MYR2.70, followed by the MYR2.85 level. Meanwhile, falling below the MYR2.30 support invalidates the bullish setup.
Source: RHB Securities Research - 5 Sept 2024
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