SNS Network Technology is eyeing to stage a bullish breakout, testing the immediate resistance with high volume. The counter has been consolidating sideways below the MYR0.255 resistance. The trading volume has been increasing, showing bullish momentum is gaining pace now. In the event it breaks past the immediate resistance, the stock will climb towards the next resistance at MYR0.265, followed by MYR0.275. Conversely, breaching below the MYR0.24 support will set off the correction phase.

Source: RHB Securities Research - 7 Mar 2024