RHB Investment Bank Bhd (RHB Research) has spotlighted two stocks showing strong bullish momentum: PGF Capital and Fajarbaru Builder.

PGF Capital is set to extend its bullish trajectory after breaking above the RM2.05 resistance level on high volume, forming a long bullish candlestick. This confirms the bullish momentum, with the stock now targeting the next resistance levels at RM2.18 and RM2.30. However, if the stock drops below the RM1.93 support level, the bullish setup would be invalidated.

Fajarbaru Builder is also eyeing further gains, having closed above the RM0.415 resistance level with strong volume. The stock printed a white candlestick, reflecting strong upward momentum. The next resistance levels are RM0.45 and RM0.48, with support at RM0.38, below which the bullish trend would be negated.

According to RHB Research, both stocks offer promising potential for traders as they approach key resistance levels.