KUALA LUMPUR: T7 Global Bhd is one of the most active counters on Bursa Malaysia in early trade with over 23 million shares have traded hands.

       The integrated oil and gas service provider added 2.9%, or one sen to 35.5 sen at 9.30 am.

       PublicInvest Research said T7 was staging a potential breakout from its sideways channel, with anticipation of continuous improvement in both momentum and trend in the near term.

       “Should the immediate resistance level of 36.5 sen be broken with renewed buying interest, it may continue to lift price higher to the subsequent resistance level of 38.5 sen,” it said.

       However, PublicInvest said failure to hold on to a support level of 34 sen may indicate weakness in the share price and hence, a cut-loss signal. It added that the stop loss level is at 32 sen.