Binastra is eyeing to extend the bullish trajectory after breaking past the resistance on strong volume. The counter has climbed above the MYR1.36 resistance to form a fresh “higher high”. The latest price action suggests strong bullish momentum is underway. The momentum should propel the stock towards the next resistance at MYR1.50, followed by MYR1.65. On the other hand, falling below the MYR1.25 support level would negate the bullish setup.

Source: RHB Securities Research - 6 Sept 2024