RHB Investment Bank Bhd (RHB Research) reports that DXN Holdings Bhd is showing strong bullish momentum after breaking past the RM0.52 resistance on high trading volume.

The counter printed a long bullish candlestick, indicating a positive technical setup. With this momentum, the stock is expected to move towards RM0.56, followed by RM0.60. However, if the stock breaches the RM0.48 support level, it may trigger a correction phase.

Meanwhile, Binastra Land Sdn Bhd is also demonstrating a bullish trajectory after a breakout above the RM1.80 resistance level. The stock closed with a long white candlestick, signalling an acceleration in bullish momentum.

RHB Research expects the next resistance levels to be RM1.95 and subsequently RM2.10. A fall below the RM1.65 support level, however, could invalidate the bullish outlook and lead to a correction.

Both counters show strong technical setups but require cautious monitoring of support levels to gauge sustainability.