Synergy House is eyeing a bullish breakout, as it tested the immediate resistance on high volume. The stock has grazed the resistance point of MYR0.445 in the past three sessions. If a breakout happens, expect market sentiment to get a boost. The bullish momentum may propel the stock towards the next resistance levels of MYR0.475 and MYR0.50. On the flip side, falling below the MYR0.40 support will nullify the expectation and set off a correction.

Source: RHB Securities Research - 5 Oct 2023