Public Packages Holdings is expected to climb higher after it breached the immediate resistance of MYR0.76 on a surge in trading volume – thereby printing a “White Marubozu” bullish candlestick. If it remains above that level, the positive momentum may accelerate towards the next resistance of MYR0.84 (a 52-week high), followed by the 3-year high of MYR0.89. In the event it falls below the MYR0.72 support, this expectation would be cancelled.

Source: RHB Securities Research - 5 Jan 2024