RHB Investment Bank Bhd (RHB Research) has spotlighted ViTrox Corp Bhd and Synergy House Bhd as two promising stocks demonstrating bullish momentum, with potential for further gains based on recent technical patterns and price action.

ViTrox appears set for a bullish breakout, currently testing its immediate resistance level with strong trading volume. The stock recently climbed above the 21-day Simple Moving Average (SMA), closing with a white candlestick that indicates building bullish momentum. According to RHB Research, a close above the RM3.65 resistance level would confirm a bullish setup, positioning the stock to advance toward RM3.90, with the potential to reach RM4.20. However, if the stock falls below the RM3.35 support, it may re-enter a correction phase.

Synergy House also shows signs of an upward trend after breaking through its previous resistance level on high volume. The stock has recently formed a "higher high" bullish candlestick and closed above RM1.25, suggesting strong bullish momentum. RHB Research anticipates a continued price increase to test the RM1.38 level, with further potential to reach RM1.50. On the downside, a drop below the RM1.15 support level could undermine market sentiment, signalling a possible correction phase.

These insights from RHB Research highlight ViTrox and Synergy House as stocks to watch, especially for investors looking to leverage strong bullish price movements.