Coraza Integrated Technology is poised to extend its upside movement after testing the immediate resistance level with strong volume. The counter charted a long white candlestick on Friday, showing that bullish momentum is gaining speed. If the counter breaks past the MYR0.65 resistance level, it will attract fresh buying pressure. It would then continue to climb towards MYR0.74, followed by MYR0.83. On the other hand, a fall below the MYR0.56 supportlevel would open the door for a correction.

Source: RHB Securities Research - 27 Jan 2025