TUNE Protect Group Bhd experienced rapid gains following a breakout from its consolidation channel.

Having been caught in a sideways moving direction since March this year, the stock finally looks ready to resume a recovery, and is fast approaching the overhead resistance.

At Tuesday’s intra-day trading high of 76.5 sen, the stock is moving ahead of its key simple moving averages (SMA) and is within striking range of the 80-sen hurdle overhead.

Following the final “golden crossing” between the moving average in June, the stock was primed for a rally.

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