Scientex is eyeing to extend the bullish trajectory after breaking past the resistance on high volume. The counter charted a fresh “higher high” bullish candlestick, which shows the bullish momentum is now in play. After the breakout from the MYR4.40 resistance, we expect a follow-through price action to test the MYR4.65 level, followed by the MYR4.90 mark. Meanwhile, if it falls below the MYR4.20 support, this kick-starts the correction phase.

Source: RHB Securities Research - 8 Oct 2024