Ramssol’s bullish trajectory may be extended after it underwent an upside breakout. The counter has printed a fresh bullish candlestick and closed above the MYR0.82 resistance, indicating that a strong positive momentum is underway. Traders can expect a follow-through price action to test the next resistance point of MYR0.88, followed by MYR0.93. However, a breach below the MYR0.765 support level would negate the bullish setup and trigger a correction.

Source: RHB Securities Research - 3 Feb 2025