Solar District Cooling is poised to extend its bullish trajectory after climbing above the resistance on strong volume. Yesterday, the stock charted a long bullish candlestick, showing strong bullish momentum is in play. After breaking past the MYR0.49 resistance, the counter may continue to travel towards MYR0.515, followed by MYR0.54. In the event it falls below the MYR0.46 support, this will open the door for correction phase.

Source: RHB Securities Research - 11 Oct 2024