Panda Eco System is poised to extend its bullish movement after breaking past the resistance level with strong volume. The stock printed a fresh bullish candlestick and closed above the MYR0.35 resistance level, confirming that a bullish setup is in play. Riding on the renewed momentum, the counter is eyeing to test the next resistance level at MYR0.39, followed by the one at MYR0.43. A fall below the MYR0.32 support would negate the bullish setup.

Source: RHB Securities Research - 9 Oct 2024