DXN is eyeing to extend the upside movement after breaking past the resistance on strong volume. The counter just printed a long bullish candlestick and closed above the MYR0.52 resistance, showing bullish technical setup is in play. Riding on the positive momentum, the stock is poised to travel towards MYR0.56, followed by the MYR0.60 mark. On the flipside, breaching the MYR0.48 support will dent market sentiment and resume the correction phase.

Source: RHB Securities Research - 7 Jan 2025