PLYTEC is eyeing to continue the bullish trajectory after staging a bullish breakout. The stock has printed a long white candlestick and breached above the MYR0.39 resistance. The latest “higher high” candlestick shows the underlying momentum is bullish. Premised on the bullish momentum, the counter should travel towards MYR0.42, followed by the MYR0.45 level. Meanwhile, falling below the MYR0.36 support will dent market sentiment and open the door for correction.

Source: RHB Securities Research - 27 Nov 2024