Poh Kong is eyeing to resume the upside movement, testing the immediate resistance with high volume. The counter is seen consolidating sideways below the MYR1.13 resistance. We observe that trading volume has increased, this shows the bullish momentum is picking up pace again. In the event the counter breaches past the immediate resistance, it should climb towards the next resistance at MYR1.20, followed by MYR1.30. On the contrary, falling below the MYR1 support will confirm the bearish setup.

Source: RHB Securities Research - 22 Apr 2024