Coraza Integrated Technology is poised to extend the bullish trajectory after breaking past the resistance on strong volume. The stock has printed a long white candlestick and risen above the MYR0.48 resistance. The trading volume has increased in tandem with the share price, showing a strong bullish momentum is underway. Riding the momentum, the counter should travel towards MYR0.52, followed by the MYR0.56 level. On the flipside, falling below the MYR0.425 support will dent market sentiment and kickstart a correction phase.

Source: RHB Securities Research - 28 Nov 2024