TH Plantations is eyeing to extend its bullish trajectory after breaking past the resistance on high volume. The stock has closed above the MYR0.72 resistance on the heel of strong volume, showing strong bullish momentum is underway. Riding on the momentum, the counter should travel towards the next resistance at MYR0.77, followed by the MYR0.82 level. On the contrary, falling below the MYR0.67 support will open the door for correction.

Source: RHB Securities Research - 4 Dec 2024