Sin Heng Chan (Malaya)’s upside movement could be extended after it breached the key resistance point on strong volume. The counter broke past the MYR0.385 resistance to form a fresh “higher high” bullish candlestick. An extension of the bullish setup should see a “higher high” candlestick, thereby testing the next resistance of MYR0.42, followed by MYR0.45. Meanwhile, falling below the MYR0.36 support will negate the bullish setup.
 

Source: RHB Securities Research - 28 Jun 2024