Poh Huat Resources is looking to extend its bullish trajectory after breaking past the key resistance level. The stock has climbed above the MYR1.40 resistance, confirming that the consolidation phase is complete. After the breakout, momentum has picked up, and is propelling the stock towards the next resistance levels at MYR1.48, followed by MYR1.55. However, a fall below the MYR1.35 support would negate the bullish setup

Source: RHB Securities Research - 13 Feb 2024