Synergy House is poised to extend the upside movement after breaking past the resistance on strong volume. The stock has printed a fresh “higher high” bullish candlestick and closed above the MYR1.25 resistance – showing that a strong bullish momentum is underway. Riding on this momentum, expect a follow-through price action to test the MYR1.38 level, followed by the MYR1.50 mark. On the flipside, falling below the MYR1.15 support will dent market sentiment and set off a correction phase.

Source: RHB Securities Research - 8 Nov 2024