Crest Group is attempting to travel higher after breaking past the resistance on strong volume. The counter has jumped above the MYR0.285 resistance with a white candlestick, which shows a strong bullish momentum is in play. After the breakout, we expect follow-through price actions to test the MYR0.31 mark, followed by higher resistance at MYR0.33. On the downside, falling below the MYR0.265 support negates the bullish setup and will kickstart the correction phase.

Source: RHB Securities Research - 19 Dec 2024