Panda Eco System is attempting to resume its upside movement, knocking on the door of the immediate resistance. The stock printed a bullish candlestick yesterday and is eyeing to cross above the MYR0.445 resistance. If a breakout happens, this will attract further buying pressure. The momentum would lift the stock towards MYR0.48, followed by MYR0.52. On the flipside, breaching below the MYR0.40 support will extend the downward movement.

Source: RHB Securities Research - 1 Aug 2024