RHB Investment Bank Bhd (RHB Research) has identified SFP Tech and Bumi Armada as key stock picks, highlighting their bullish potential based on recent technical movements.

SFP Tech is showing strong upside momentum following a bullish breakout. The stock closed above the RM0.67 resistance level, with a long white candlestick confirming a positive trajectory. RHB Research suggests the counter may test RM0.72 next, with a potential move towards RM0.77. However, should the stock fall below RM0.62, it could signal a correction and negate the bullish outlook.

Bumi Armada has also entered a bullish phase, breaking past the RM0.56 resistance on strong trading volume. The stock closed with a white candlestick, reinforcing its upward trajectory. RHB Research anticipates the counter could climb towards RM0.59, with a further target of RM0.63. A drop below the RM0.53 support, however, would nullify the bullish setup.

These recommendations reflect RHB Research's technical analysis, indicating opportunities for investors to capitalise on upward price movements, while cautioning about key support levels.