Ramssol is poised to stage a bullish breakout, after the formation of several successive bullish candlesticks. We observe the stock has been moving upwards recently on “higher highs” with “higher lows”, showing the bullish momentum is building up. In the event it closes above the MYR0.65 reisstance, this will confirm the bullish setup. After the breakout, expect a follow-through price action to test MYR0.70, followed by MYR0.765. Should it retreat below the MYR0.585 support, this will kickstart the bearish phase.

Source: RHB Securities Research - 22 Oct 2024