Gamuda is poised to extend the upside movement after staging a bullish breakout.

RHB Retail Research (RHB) in a note today (Aug 28) said the stock climbed above the 21-day SMA line and broke past the MYR7.75 resistance with a bullish candlestick.

Riding on this renewed momentum, a follow-through price action will test the next resistance at MYR8.35, followed by the MYR9 mark.

If it breaches the MYR7.10 support, this will kick off the correction phase.

Sunway REIT is attempting to continue the bullish movement, knocking on the door of the immediate resistance.

The counter has been consolidating sideways below the MYR1.69 resistance.

In the event the bullish breakout happens, it may extend the upside movement towards MYR1.75, followed by the MYR1.82 level.

On the other hand, falling below the MYR1.62 support opens the door for a correction phase.