Can-One is poised to extend its northbound journey after it broke past the MYR3.78 immediate resistance with high trading volume. The stock has been climbing higher for three consecutive sessions on the back of strong volume. As a bullish bias has emerged, expect the follow-through momentum to propel it towards the MYR4.00 mark, followed by MYR4.25. Towards the downside, breaching below the MYR3.55 support could indicate that the correction phase has started.

Source: RHB Securities Research - 16 Aug 2022