Seng Fong is maintaining its bullish trend after breaking through a key resistance level on strong trading volume, according to RHB Research. The stock recently closed above the RM1.20 resistance, forming a long bullish candlestick that reflects robust underlying momentum.

RHB analysts project that the stock could rise further to RM1.30 and potentially RM1.45 if this momentum continues. However, a fall below the RM1.07 support level could invalidate the bullish setup.

Meanwhile, Elridge Energy is approaching a bullish breakout as it tests its immediate resistance at RM0.40. Increasing trading volume suggests that bullish momentum is building.

Should the stock break past this resistance, RHB predicts it could rise to RM0.42, followed by RM0.44. On the downside, a dip below RM0.38 could signal a return to the correction phase.

Both stocks display promising technical indicators, making them top picks for traders today.