VSTECS is poised to sustain its bullish momentum after breaking past the RM3.55 resistance with strong trading volume, according to analysts from RHB Investment Bank Bhd (RHB Research).
The stock's gap-up and close above this key level signify robust upward momentum, with projections suggesting potential tests at RM3.85 and RM4.15. However, a drop below the RM3.30 support level could dent sentiment, potentially initiating a correction phase.
Similarly, HSS Engineers has been identified as another strong candidate for upside movement following its breakout. RHB Research noted that the stock's formation of a white candlestick and its close above the RM1.16 resistance confirm a bullish trend. Analysts anticipate further gains to RM1.24 and RM1.30 as subsequent targets. Nonetheless, a slip below the RM1.09 support level would invalidate this outlook.
Both stocks have been spotlighted by RHB Research as key opportunities for investors seeking growth in the current market environment.