Life Water is eyeing to resume the upside movement after staging a bullish breakout. The stock has printed a white candlestick and closed above the MYR0.85 resistance, showing a bullish setup is in play. The counter has climbed above the 21-day SMA line, implying the short-term trend is bullish. Riding on this momentum, the stock may continue to travel towards MYR0.90, followed by the MYR0.955 mark. On the flipside, falling below the MYR0.79 support negates the bullish setup.

Source: RHB Securities Research - 12 Dec 2024