ViTrox Corp is eyeing to break past the immediate resistance after printing a bullish candlestick. The counter has charted a “higher high” white candlestick and is poised to climb above the MYR3.65 resistance. If a breakout happens, this will attract fresh buying pressure. In this scenario, the bullish momentum will propel the counter towards MYR3.90, followed by the MYR4.20 level. On the other hand, falling below the MYR3.35 support negates the bullish setup and will kickstart a correction phase.

Source: RHB Securities Research - 10 Dec 2024