Synergy House is poised to extend the upwards price trajectory after staging a bullish breakout and breaking past the MYR0.50 resistance. The stock’s price has been climbing on “higher highs” while trading volume is increasing, showing a strong positive momentum is underway. After the breakout, the counter’s price will travel towards MYR0.55, followed by the MYR0.60 level. On the flipside, falling below the MYR0.445 support negates the bullish setup.

Source: RHB Securities Research - 3 Nov 2023