Radiant Globaltech is eyeing to extend the bullish trajectory after staging a breakout on strong volume. The counter has climbed above the MYR0.38 resistance to print a fresh “higher high” bullish candlestick. The trading volume has been increasing in tandem with the share price, showing that a strong bullish momentum is underway, which should lift the stock towards MYR0.43, followed by MYR0.47. However, a breach below the MYR0.345 support will kick-off the correction phase

Source: RHB Securities Research - 17 Jul 2024