T7 Global could undergo a breakout, after testing the immediate resistance of the consolidation zone. The stock has been moving sideways in a consolidation for the past 1.5 months. The trading volume has grown lately, showing that the bullish momentum is gaining traction. If it breaches the MYR0.49 resistance, this will attract strong bullish pressure. The momentum would lift the stock towards the next resistance points of MYR0.53 and MYR0.57. Towards the downside, falling below the MYR0.445 support will kick off a bearish phase.

Source: RHB Securities Research - 7 Aug 2023