RHB Investment Bank Bhd (RHB Research) highlighted PIE Industrial and Ocean Fresh as stocks poised for potential bullish moves, following recent strong performances.

PIE Industrial is showing signs of a bullish breakout after testing its immediate resistance level at RM5.80, supported by robust trading volume. According to RHB Research, if the stock surpasses this resistance, it could build further upward momentum, aiming for RM6.50 as the next target, with potential to reach RM7.30. Conversely, a dip below RM5 could signal a correction phase.

Ocean Fresh, meanwhile, is also gaining bullish traction, having surged past its RM0.395 resistance on high volume and closing with a notable white candlestick. The research house anticipates continued upside movement, targeting RM0.44 as the next resistance level, followed by RM0.48. However, a fall below RM0.35 would invalidate the current bullish setup.

Both stocks are positioned for gains if they maintain their upward trends, reflecting increased investor interest and buying strength in these counters.