KUALA LUMPUR (Sept 28): RHB Retail Research said Optimax Holdings Bhd is staging a technical breakout after it moved past the RM1.44 consolidation phase on surging volume – forming a “higher high” bullish structure.

In a trading stocks note today, the research house said if the breakout sustains, the bullish momentum may drive the stock towards the RM1.57 threshold, before hitting RM1.67, the next resistance.

“Meanwhile, the stock may move downwards if it falls below the RM1.36 support,” it said.