Ramssol Group may extend the bullish trajectory after staging a bullish breakout on high volume. The counter has printed a long white candlestick and closed above the MYR0.765 resistance, which shows a strong bullish momentum is in play. Riding on this momentum, we expect follow-through price actions to test the next resistance at MYR0.82, followed by the MYR0.88 level. However, a fall below the MYR0.70 support will negate the bullish technical setup and open the door for a correction.

Source: RHB Securities Research - 17 Jan 2025