Samaiden is eyeing to extend its parabolic movement, after breaching the MYR1.25 resistance with high volume. After climbing above the resistance level, the stock is trading at its multi-year high now. The volume has been increasing in tandem with the share price – showing that strong bullish momentum is underway. Expect a follow-through of the momentum lifting the stock into uncharted territories of MYR1.38 and MYR1.50. On the downside, falling below the MYR1.13 support will kick off the correction phase.

Source: RHB Securities Research - 31 Jul 2023