Sealink International is poised to extend its upside movement after undergoing a bullish breakout. The stock printed a fresh “higher high” white candlestick on Friday and closed above the MYR0.325 resistance, indicating that the bulls are gaining pace. After the breakout, expect the counter to continue climbing towards the next resistance at MYR0.35, followed by the MYR0.38 level. On the other hand, a fall below the MYR0.30 support will invalidate the bullish setup.

Source: RHB Securities Research - 2 Dec 2024