Master-Pack surged past the MYR1.91 resistance on strong volume, and has set sights on the higher resistance point. The stock underwent a consolidation in the previous two sessions. The latest bullish breakout marks the completion of the consolidation. As the momentum is picking up pace again, the stock should climb towards the next resistance of MYR2.10, followed by MYR2.20. Towards the downside, the MYR1.80 level will act as a strong support now.

Source: RHB Securities Research - 24 Aug 2022