Paragon Globe is poised to extend the bullish trajectory after breaking past the resistance with strong volume. The stock printed a fresh “higher high” white candlestick and closed above the MYR0.43 resistance, which shows a bullish setup is in play. Premised on this strong momentum, we expect a follow-through price action to test the next resistance at MYR0.47, followed by the MYR0.50 mark. If the counter falls below the MYR0.375 support, this negates the bullish setup and kickstarts the correction

Source: RHB Securities Research - 14 Jan 2025