RHB Investment Bank Bhd (RHB Research) reports a bullish outlook for VETECE and Nextgreen Global, with both stocks showing signs of upward momentum amid resistance level tests.

VETECE is on track to extend its bullish trajectory, currently testing its immediate resistance level of RM0.49. The stock's 21-day Simple Moving Average (SMA) line indicates a short-term bullish trend. Should VETECE close above the RM0.49 resistance, it would confirm a bullish breakout, potentially driving the stock towards RM0.53 and subsequently RM0.56.

However, if the stock falls below the RM0.435 support, it could enter a correction phase.

Nextgreen Global also displays strong bullish momentum after surpassing the RM0.90 resistance level on high trading volume, marked by a long white candlestick. This breakout signals further potential gains, with price actions expected to test resistance at RM0.93 and then RM0.97.

Conversely, should Nextgreen Global dip below the RM0.86 support level, it may resume its correction phase.

The bullish performance of both stocks aligns with RHB Research's positive outlook, as both companies navigate key technical levels.