3REN is poised to continue the upside movement after breaking past the resistance on strong volume. The counter charted a long white candlestick and climbed above the MYR0.40 resistance, which shows a bullish setup is in play. The renewed bullish momentum should propel the stock towards the next resistance at MYR0.44, followed by the MYR0.48 level. On the flipside, breaching below the MYR0.36 support nullifies the bullish setup and resumes the correction phase.

Source: RHB Securities Research - 3 Jan 2025