KJTS is poised to extend its bullish trajectory after surging past the resistance on strong volume. The stock has climbed above the MYR0.75 resistance to confirm a bullish setup. We observe the trading volume has been increasing in tandem with the share price, showing bullish momentum is gaining pace. Expect a follow-through price action to test the next resistance at MYR0.80, followed by the MYR0.85 level. On the downside, breaching below the MYR0.70 support will kickstart the correction.

Source: RHB Securities Research - 3 Dec 2024