PGF Capital is poised to continue its bullish trajectory after staging a bullish breakout with strong volume. The counter charted a long bullish candlestick and surpassed the MYR2.05 resistance level, confirming that the underlying momentum is bullish. The momentum should lift the stock towards the next resistance level at MYR2.18, followed by the one at MYR2.30. However, if it falls below the MYR1.93 support level, the bullish setup will be invalidated.

Source: RHB Securities Research - 14 Oct 2024