Keyfield International is showing a bullish technical setup after breaking past the resistance on strong volume. The counter has jumped above the MYR2.50 resistance and printed a long bullish candlestick. This latest price action signals that the bullish momentum is now gaining speed. As long as it stays above this breakout point, the stock will extend the bullish trajectory towards MYR2.70, followed by the MYR2.90 level. On the flipside, breaching below the MYR2.30 support will invalidate the bullish setup and kickstart a correction.

Source: RHB Securities Research - 23 Jan 2025