RHB Investment Bank Bhd (RHB Research) has spotlighted NationGate and Pansar as stocks with strong bullish potential, based on their latest market performance.

NationGate is set to stage a bullish breakout, currently testing the RM1.96 resistance level with high trading volume. If the stock crosses this threshold, it is expected to attract fresh bullish momentum, potentially pushing the price towards RM2.13, with an eye on the RM2.30 mark. However, if the stock drops below the RM1.79 support level, a downward movement could follow.

Meanwhile, Pansar has already broken past its RM0.62 resistance on strong volume, confirming a robust bullish trajectory. The stock's long white candlestick and the upward trend of the 21-day Simple Moving Average (SMA) suggest that the short-term outlook remains bullish. Following this breakout, RHB Research anticipates a continued price rise to RM0.665, with the next target at RM0.72. On the downside, a fall below RM0.59 could trigger a correction phase.

These picks underscore RHB Research's confidence in these stocks' near-term growth potential amidst a volatile market.