KUALA LUMPUR (Aug 24): RHB Retail Research said Master-Pack Group Bhd surged past the RM1.91 resistance on strong volume, and has set sights on the higher resistance point.

In a trading stocks note on Wednesday (Aug 24), the research house said that the stock underwent a consolidation in the previous two sessions.

“The latest bullish breakout marks the completion of the consolidation.

“As the momentum is picking up pace again, the stock should climb towards the next resistance of RM2.10, followed by RM2.20.

“Towards the downside, the RM1.80 level will act as a strong support now,” it said.