Berjaya Corp is looking to extend its bullish trajectory after staging a bullish breakout. The stock has closed above the MYR0.34 resistance level with strong volume. The trading volume is rising in tandem with the share price, showing that strong bullish momentum is underway. Riding on the momentum, the stock may test the next resistance pegged at MYR0.37, followed by the one at MYR0.40. On the other hand, a fall below the MYR0.31 support level would negate the bullish setup.

Source: RHB Securities Research - 15 Jul 2024