Notion VTec is poised to scale higher after it formed a bullish setup. The stock broke past the MYR0.50 resistance to chart a Bullish Marubozu. Trading volume has been increasing, which indicates that the bullish momentum is gaining pace now. Since the bullish structure has been confirmed, expect a fresh “higher high” price action to test MYR0.57, followed by MYR0.64. In the event it falls below the MYR0.465 support, this would invalidate the bullish set-up.

Source: RHB Securities Research - 11 Mar 2024