Ramssol Group is poised to extend its technical breakout as it tested the immediate resistance with a long upper shadow candlestick on improved volume last Friday. If it manages to break above the MYR0.70 immediate resistance, the positive momentum may then drive it towards the next resistance of MYR0.76, before reaching the higher resistance level of MYR0.82. Meanwhile, if it falls below the MYR0.605 support level, this expectation would be cancelled.

Source: RHB Securities Research - 21 Jul 2021