Duopharma Biotech is showing a bullish setup while consolidating sideways above the breakout point. In previous sessions, the stock has jumped on high volumes and closed above the MYR1.35 resistance to confirm a bullish setup. As long as the counter sustains above this breakout point, it may continue its movement towards MYR1.45, followed by the MYR1.55 level. On the downside, falling below the MYR1.25 support triggers the correction phase.

Source: RHB Securities Research - 4 Oct 2024