Infoline Tec is eyeing to extend the bullish trajectory after breaking past the resistance with a long white candlestick. The counter has charted a fresh white candlestick and closed above the MYR1 resistance, showing that a strong bullish momentum is underway. After the breakout, the stock should extend the upside movement towards the next resistance at MYR1.10, followed by the MYR1.20 level. On the downside, a fall below the MYR0.90 support will set off the correction phase.

Source: RHB Securities Research - 22 Nov 2024