Skygate Solutions is poised to continue its upside movement after breaking past the resistance with strong volume. The stock charted a white candlestick and surpassed the MYR1 resistance, confirming that a bullish setup is in play. We observed that trading volume has been increasing in tandem with the share price, showing that positive momentum is accelerating. Based on this momentum, the stock is eyeing the MYR1.10 level, followed by MYR1.20. A fall below the MYR0.88 support level would invalidate the bullish setup and open the door for correction.

Source: RHB Securities Research - 8 Jan 2025