PWF Consolidated is poised to continue trending upwards, after it underwent a bullish breakout on high volume. It has surged past the MYR0.93 resistance and charted a fresh “higher high” candlestick, reaffirming that the bulls are in play. Riding on this momentum, the counter may eventually test the MYR0.98 resistance, followed by the MYR1.03 level. On the flip side, falling below the MYR0.89 support would invalidate the bullish setup.

Source: RHB Securities Research - 23 Sept 2024