Three-A Resources is poised to scale higher after staging a bullish breakout. The stock broke past the MYR0.92 resistance on high volume and formed a “higher high” bullish candlestick. We have observed the trading volume increasing, indicating that the bullish momentum is increasing speed. We expect a followthrough price action to test the MYR0.95 level, followed by the MYR1 mark. If the counter falls below the MYR0.885 support, this opens the door for downward movements.

Source: RHB Securities Research - 25 Mar 2024