Oriental Holdings is eyeing to continue the bullish trajectory after staging a bullish breakout on high volume. It has surged past the MYR7.05 resistance and printed a long bullish candlestick, reaffirming that the bullish momentum is in play. Riding on this momentum, the stock should extends the upside movement towards the MYR7.50 resistance, followed by the MYR8 mark. Conversely, falling below the MYR6.70 support kicks off the correction phase

Source: RHB Securities Research - 24 Sept 2024