KUALA LUMPUR (August 16): RHB Retail Research said Can-One Bhd is poised to extend its northbound journey after it broke past the RM3.78 immediate resistance with high trading volume.

In a trading stocks note today, the research house said the stock has been climbing higher for three consecutive sessions on the back of strong volume.

“As a bullish bias has emerged, expect the follow-through momentum to propel it towards the RM4.00 mark, followed by RM4.25.

“Towards the downside, breaching below the RM3.55 support could indicate that the correction phase has started,” it said.