Binastra is poised to continue the bullish trajectory after staging a breakout on high volume. The stock has crossed above the MYR1.80 resistance with a long white candlestick, showing bullish momentum is gaining speed now. After the bullish breakout, expect a follow-through price action to test the next resistance at MYR1.95, followed by the MYR2.10 level. Conversely, falling below the MYR1.65 support will invalidate the bullish setup and set offthe correction.

Source: RHB Securities Research - 7 Jan 2025