Yong Tai is eyeing a bullish breakout after testing the immediate resistance with strong volume. The counter has been consolidating sideways below the MYR0.375 resistance level. We observed that trading volume has been increasing, showing that bullish momentum is picking up. If a breakout occurs, a bullish bias will emerge, and the counter would climb towards MYR0.41, followed by MYR0.45. A fall below the MYR0.33 support would lead to the resumption of the correction phase.
 

Source: RHB Securities Research - 2 Jul 2024