KUALA LUMPUR (April 15): RHB Retail Research said Pappajack Bhd is set to print a new high after it broke past the peak of 51 sen, supported by the “White Marubozu” bullish candlestick.
In a trading stocks note on Friday (April 15), the research house said the strong bullish momentum will likely lead to a new high of 55 sen, followed by the 60 sen mark.
“However, the momentum may decline if it falls below the 46 sen consolidation support area, forming a 'lower low' bearish structure,” it said.