EITA Resources is extending its uptrend after breaking past the key resistance on high volume. The stock climbed above the MYR0.935 resistance to form a multi-month high. The trading volume has been increasing in tandem with its share price, showing that a bullish momentum is accelerating. Riding on the momentum, the stock may travel towards the MYR1 mark, followed by MYR1.08. On the other hand, breaching below the MYR0.88 support would negate the bullish set-up.

Source: RHB Securities Research - 11 Mar 2024