Pappajack has staged a bullish breakout, and may resume its uptrend. Note that the stock broke past the immediate resistance of MYR0.49 on high volume. Since strong buying interest has emerged, the stock should continue trending up and charting “higher highs”. The bulls may set their sights to test the next reisstance pegged at MYR0.515, followed by MYR0.55. On the flip side, breaching below the MYR0.455 support would set off a downside correction.

Source: RHB Securities Research - 1 Sept 2022