The bullish trajectory on TAS Offshore may be extended after it broke past the resistance on strong volume. On Friday, the stock climbed above the MYR0.80 resistance on strong volume, thereby strengthening the bullish setup. Riding on the strong momentum, the stock should travel towards the next resistance of MYR0.95, followed by MYR1.10. On the flip side, falling below the MYR0.69 support will open the door to a bearish movement.

Source: RHB Securities Research - 6 May 2024