Oppstar is eyeing to extend the upside movement after jumping above a key resistance. The counter broke past the MYR1.34 resistance on the heel of strong trading volume. The latest positive price action, coupled with high volume, shows the bullish momentum is growing stronger. The stock should extend the bullish trajectory towards MYR1.55, followed by MYR1.75. Conversely, falling below the MYR1.20 support resumes the correction phase.

Source: RHB Securities Research - 2 May 2024